Asri Lestari Group
Ni Nyoman L. M. is married and has two school-aged children. To making a living, Ni Nyoman L. M. owns & operates a business raising pigs for sale. Ni Nyoman L. M. has been engaged in this business for over two years and earns approximately 200,000 IDR a month from these activities.
In 2010, Ni Nyoman L. M. joined MUK to gain access to financial services to help improve her living situation and ability to engage in business activities. Ni Nyoman L. M. is requesting for the first time a loan from MUK. She is now requesting a new loan of 1,200,000 IDR, which will be used to purchase livestock feed & other supplies. The loan will be the first loan taken out by the borrower from MUK. Ni Nyoman L. M. plans to use the additional revenue generated from the business to improve/expand her business.
The mission of Koperasi Mitra Usaha Kecil (MUK) is to assist small businesses in Bali by providing training, business consultation and loans thereby helping the owners and their families improve their everyday lives.
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.
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Success!! The loan was 100% repaid