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Winangun Sari Group
In this Group: I Nengah, I Nengah, I Wayan*, I Nyoman, I Gusti Nyoman, I Nengah, I Made
* not pictured
The Winangun Sari group is made up of seven men who are neighbors in the same village in Baturiti, central Bali. The group is seeking a loan of 14,000,000 IDR, and each member will receive 2,000,000 IDR. The group was formed out of these men’s common interest in raising rabbits to support their families, and out of their interest in education on best practices for rabbit raising. This is their first loan with Kiva partner, MUK.

I Nengah, aged 50, is the head of the Winangun Sari group. He is married and has two children, aged 25 and 13. His younger son is in school and his older son is already married. He plans to use his share of the loan to purchase a pair of large rabbits, which he will breed. Over the six-month loan period, he hopes to have three litters of bunnies. He will sell some of the rabbits as pets after 20 days, and others as food after a few months. With his income, he hopes to be able to improve his economic life.

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
  • 73
    View loans »
    Indonesia Loans Fundraising
  • $4,830,300
    Funds lent in using Kiva
  • 8,546.1
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Winangun Sari Group's $1,650 loan helped a member to purchase a pair of large rabbits.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012