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Asri Lestari Group
In this Group: Ni Nyoman, Ni Ketut, Ni Made, Ni Wayan, Ni Nengah, Ni Ketut, Ni Nyoman, Ni Nyoman, Ni Nengah, Ni Luh
After repaying their first loan correctly, "Asri Lestari" group has received a second loan. Ni Nyoman L. M. plans to use her share of this loan to buy four piglets. As for the cost of feed, she will bear that expense herself. She was satisfied with the results she got from the first period so she decided to expand her business. For the second period, she hopes that her business will do well, there will be no disease, and hog prices will be high when she sells her pigs.

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
  • 76
    View loans »
    Indonesia Loans Fundraising
  • $4,814,175
    Funds lent in using Kiva
  • 8,900.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Asri Lestari Group's $1,350 loan helped a member buy more pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 16, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011