Ni Putu Sumiarti - (-) is a 55 year-old female living in the town of Sumbersari - Melaya. Ni Putu Sumiarti is the group leader of a 7-member group loan offered by DINARI. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Arta Sari (DNR.M-0588). Ni Putu Sumiarti is married and has 3 adult -aged children. To making a living, Ni Putu Sumiarti owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Ni Putu Sumiarti has been engaged in this business for over 5 years and earns approximately 600.000 IDR a month from these activities. In 2009, Ni Putu Sumiarti joined DINARI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ni Putu Sumiarti is requesting for the first time a loan from DINARI. She is now requesting a new loan of 1.400.000 IDR which will be used to invest in expanding the business. The loan will be the 1st loan taken out by the borrower from DINARI. Ni Putu Sumiarti plans to use the additional revenue generated from the business to financially support immediate members of the borrower's family. About DINARI: The mission of DINARI is to strive for the preservation of the environment, to empower the poor, and to provide socio-economic development opportunities to small business owners. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Bahasa while providing quality and accurate information to Kiva lenders.
About Koperasi Mitra Usaha Kecil (MUK)
This loan is serviced by Koperasi Mitra Usaha Kecil (MUK), a microfinance cooperative headquartered in West Bali, Indonesia. MUK’s mission is to provide chronically poor people in Bali with opportunities to improve their lives, while raising social awareness of economic and environmental issues.
Most MUK clients live in rural settings on less than $1.25 per day. MUK’s financial products are targeted to clients’ productive activities including small businesses, farming, and livestock rearing. MUK supports clients with training in household budgeting, livestock rearing, and small business management.
MUK provides services to clients of all races and religions. For more information about MUK, please visit its partner page. Also, consider joining MUK’s Kiva lending team, Friends of Mitra Usaha Kecil.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.