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Sari Usaha Group
In this Group: Ni Gusti Ketut Sri Astiti*, Ni Ketut Pertami, A A Ayu Lipurniti, Ni Putu Ariyani, Ni Wayan Mertiasih, Ni Putu Westri*, Ni Putu Eni Wirastiasih, Ni Nyoman Dertiasih, Ni Luh Sulastri, Ni Wayan Sumi
* not pictured
The Sari Usaha Group has 10 members, all of whom are married women from Bali, Indonesia. Their ages range from 30 to 55 years and each woman has between 1 and 3 children. Their children's education ranges from primary school through high school. The Sari Usaha Group is located in the Nusasari Village about 5 kilometers from Melaya Village. The group is chaired by Ni Ketut Pertami. The group is getting a loan to expand their businesses in pig breeding. This loan will be used to buy pig food, repair cages or to buy piglets.

Note to Kiva Lenders: This group uses a community lending model (commonly referred to as Village Banking) that is very common throughout Asia. In this model, a select number of group representatives will take out a large loan on behalf of their entire group (often an entire village). They will then distribute and manage the loan and collect repayments for the lender. This is a common and efficient practice in the region, but it makes reporting on Kiva somewhat unusual. Unlike most other loans, Kiva’s partner MUK will be in contact primarily with the group representatives who in turn will be overseeing the end borrowers. As such, journal updates likely will reflect the performance of the lending group rather than the individual end borrowers. This collection of 10 women is a subset of a larger 60-woman community loan that is being offered by MUK.

To learn more about Village Banking on Wikipedia, please copy and paste this URL into a new browser window: http://en.wikipedia.org/wiki/Village_Banking

Additional Information

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.

About Indonesia

  • $4,458
    Average annual income
  • 50
    View loans »
    Indonesia Loans Fundraising
  • $4,581,075
    Funds lent in using Kiva
  • 9,340.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sari Usaha Group's $1,400 loan helped a member used to buy pig food, repair cages or to buy piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 25, 2010
Listed
Jan 26, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010