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Cipuncang Indah Group
In this Group: Sutini, Nurwulandari, Meli, Amaliah, Tety
Sutini lives with her husband in Cilincing. She already has two children. In Cilincing, one way to earn a living is by selling clothes by credit. Sutini has run this business since 2010. She enjoys the business, and also helps her husband with the extra income for the family. This is her first loan with VisionFund Indonesia. She requests a loan of 1,000,000 Indonesian Rupiah to pay for more clothes to sell. She plans to have her own kiosk, and send her children to college. To fulfill this dream, she promised herself to work hard to help her husband financially.

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

  • $5,200
    Average annual income
  • 80
    View loans »
    Indonesia Loans Fundraising
  • $5,152,100
    Funds lent in using Kiva
  • 8,520.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Cipuncang Indah Group's $600 loan helped a member to pay for clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Aug 18, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011