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Aris Setya Wiguna Group
In this Group: I Putu, I Made, I Ketut, Ngurah, I Ketut, I Ketut, I Gede, I Komang, I Nengah, I Ketut
I Putu R. as the leader of Aris Setya Wiguna, and he successfully leads the group very well. He was assigned to find a job carving wood for members of the group, divide the work and provide salaries appropriate to the work undertaken by its members. For this loan, members plan to buy the raw materials of wood, sand and cement.
The financial advantage gained from every job Putu gets is used for their children's school fees. For everyday needs, Putu is assisted by his wife who has a stall business. Every month I Putu R. spends on electricity costs for Rp.70.000 and meal costs amounted to Rp. 300,000.

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

  • $5,200
    Average annual income
  • 29
    View loans »
    Indonesia Loans Fundraising
  • $5,199,250
    Funds lent in using Kiva
  • 9,062.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Aris Setya Wiguna Group's $2,225 loan helped a member purchasing wood, sand and cement for purposes of business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 21, 2011
Listed
Jan 26, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012