I Wayan W., 49 years old, is married and has four children. He works as a driver who earns an average income of Rp. 70 000 .- per day. He took out a loan of Rp.3000.000 .- to be used for car maintenance because the route he drives is very long every day, approximately 240 km. This requires a good car to give the passengers a safe and comfortable ride.
I Wayan W. plans to save from his profits which will be used for the future of his son. I Wayan W. lives with his wife. Two of their children are still in school now.
I Wayan W. spends Rp. 50 000.- per day for family needs. To help with the family income, his wife sells bananas and coconuts at the market. This is his first loan at KSU MUK.
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.