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Ceriwis Group
In this Group: Legi, Atikah, Lina, Devi, Sitie, Emi
For the past six years Legi, a 49-year-old married mother of four children, has been selling Yakult (a probiotic milk-like product made of skimmed milk which is very popular in Indonesia) in her mobile store. With many loyal customers, she uses the income to support her family and pay her children's school fees.



Legi will use her portion of the loan to buy more Yakult to sell in her community. She plans to grow her business and develop other enterprises as her income grows. She also wants to buy a motorcycle to facilitate her sales as well as save money to pay for her daughter's college tuition this year.

Additional Information

About VisionFund Indonesia

VisionFund Indonesia is a Christian micro venture capital organization owned by Mitra Masyarakat Sejahtera (MMS) and Wahana Visi Indonesia. Founded in 2000, VFI operates in both Jakarta and Surabaya, the two biggest cities in Indonesia. VFI targets the entrepreneurial poor who have existing microbusinesses for at least 6 months and have no financial access to commercial banks. VFI also provides microinsurance for all clients through a partnership with Allianz insurance company. With nine branches as of 2011, VFI hopes to expand in order to reach underserved microfinance markets in other islands of Indonesia.

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
  • 71
    View loans »
    Indonesia Loans Fundraising
  • $4,794,850
    Funds lent in using Kiva
  • 8,510.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ceriwis Group's $1,425 loan helped a member to buy more Yakult from the agent to sell to her community.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jul 14, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012