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Jaya Usaha Baluk Group
In this Group: Ni Nengah, Ni Made , Ni Ketut, Ni Luh , Ni Ketut, Ni Kade, Ni Ketut, Ni Wayan , Ni Ketut, Ni Ketut
Ni Nengah T., 41, became chairman of the group Jaya Usaha Baluk, which has 10 members. She got a loan of 1,500,000 Indonesian rupiah (IDR) to buy four piglets. This type of pig is used for roasting and the price is 250,000 IDR per piglet. The pigs are fed for three months and ready to sell for 400,000 IDR. She chose this type of pig because they do not require special food and that can reduce costs. She has a dream to renovate her house with the profits gained from this business.

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
  • 24
    View loans »
    Indonesia Loans Fundraising
  • $5,199,250
    Funds lent in using Kiva
  • 8,658.4
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Jaya Usaha Baluk Group's $1,750 loan helped a member to buy four pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 21, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011