Padi Bali Group
As Balinese farmers, they do the farming as a group in accordance with the decision made by their village. This approach is beneficial to all. The water is distributed fairly. Up to now they do the farming in a convensional way. They use bufallo to work on their field.
With the loan money, they are planning to buy a tractor, costing them IDR 8 million (approx. US$ 840). Indeed not everyone will have a tractor, but this tractor will be used together by the group.
Translated from Indonesian by Antonius Gunadi, Kiva Volunteer.
Kelompok tani Padi Bali yang diketuai I Wayan P. ini beranggotakan : I Wayan P., I Gede Ketut S., I Wayan S., I Gede Nyoman S., I Ketut A., I Wayan W., I Ketut S., I Nyoman B., I Gede Ketut W., I Wayan B., I Gede Ketut S., I Ketut W.. Sebagai petani Bali mereka melakukan penanaman secara serempak sesuai dengan keputusan adat. Tentu saja hal ini akan sangat menguntungkan semua pihak. Air akan mereka bagi dengan adil. Pengolahan lahan yang selama ini mereka lakukan adalah dengan menggunakan cara konvensional. Mereka masih menggunakan kerbau untuk membajak sawah mereka. Melalui pinjaman yang diperoleh, mereka berencana mempermudah pekerjaan mereka dengan membeli sebuah traktor senilai Rp 8.000.000,00. Memang tidak setiap orang akan memiliki traktor, melainkan dari satu traktor yang ada akan di manfaatkan bersama.
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.
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