Tengku's business is a beauty salon and bridal shop. She is 53 years old and married with four children. Three of her children have already finished school and the youngest one is still in school. She has been in her business for 27 years. Starting from a hobby, now she has a lot of customers. She works out of her house. Her business is going well and she helps her husband send their children to school. The main challenge that she faces is not having enough capital to expand her business. With this loan, she wants to renovate her house and increase the space for her business. In the future, she hopes that she can extend her business by providing catering services.
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.