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Dewi Fortuna Group
In this Group: Jero Pudak, Ni Luh , Ni Gusti Ayu Komang, I Wayan , Ni Luh, Ni Ketut, Jro Made, Ni Gusti Ayu, Ni Nyoman, Ni Wayan , Ni Wayan
The Dewi Fortuna group is getting their third loan from MUK. There are 11 members in the group and the total loan is Rp 22,000,000. The loan will be used to buy piglets and repair their cages.

Jero Pudak, as the head of the group, is using the loan to buy three piglets of a superior species. The price for superior pig species is currently very expensive, ranging from Rp 400,000 - Rp 500,000. These pigs will be maintained for five months for fattening. Jero Pudak expects during the loan period that the pigs will be able to develop properly, without being attacked by disease. With this effort, she dreams of fixing her house.

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
  • 106
    View loans »
    Indonesia Loans Fundraising
  • $5,039,675
    Funds lent in using Kiva
  • 8,625.2
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Dewi Fortuna Group's $2,575 loan helped a member to buy three piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012