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Sumber Kelapa Group
In this Group: Hasunah, Aminah, Maulida, Busani, Suliti, Amana, Siti, Salamah, Muaswiah, Surati
Hasunah, 48, works as a craftswoman who makes crafts from recycled materials such as wood waste from the furniture business, coconut shells and other raw materials. Handicrafts are produced in the form of jewelry such as earrings, bracelets, souvenirs for weddings, ashtrays and accessories for the home. All that she makes at home as a Home Industry.

Currently she requires additional funds of Rp. 1,000,000 that will be used to purchase raw materials. Raw materials are bought from a subscription that would take them directly to her house. This requires additional funds, because there are orders for wedding souvenirs. She hopes this loan will be able to increase her business revenue that can support the family income.

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
  • 49
    View loans »
    Indonesia Loans Fundraising
  • $4,581,075
    Funds lent in using Kiva
  • 8,650.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumber Kelapa Group's $1,175 loan helped a member to purchase raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012