Ni Ketut K., 31, is married and has two children. She works as a farmer and earns an average income of Rp. 1,000,000 per month. She applied for a loan of Rp. 5,000,000 to buy fertilizer for cocoa, bananas and beans in her garden, so the plants will have more fruit. In addition to buying chemical fertilizer, she also uses organic fertilizer to maintain the natural preservation.
Ni Ketut K. plans to save the benefits that will result from her farming for the future of her children. Ni Ketut K. lives with her husband and two children. Her children still attend school. Ni Ketut K. spends Rp. 30,000 for kitchen expenses every day. This is her first loan with 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.