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Harapan Baru 15 Group
In this Group: Wati, Wahyeni, Sumiati, Aisah, Ramen, Aliyah, Eka, Sri, Tarsiyah
To rent a place for a business is quite expensive in Jakarta. So, using the house as a place to run the business is the cheapest way, that's what Wati does. Wati is 42 years old. She lives with her husband and her children (4) in Cilincing. She sells snacks and drinks like es campur and palu butung. To expand her business she needs more ingredients and she requested 3,000,000 Indonesia Rupiah. She prepare expansion especially for this Ramadhan time, she believe this time she can increase her income. Her focus is for her children education, she want to send all of them to college.

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
  • 63
    View loans »
    Indonesia Loans Fundraising
  • $4,491,425
    Funds lent in using Kiva
  • 8,522.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Harapan Baru 15 Group's $2,125 loan helped a member to pay for sugar, flour, eggs, ice, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Aug 3, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012