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Komang Ngurah

Update on Komang Ngurah

Komang Ngurah is really happy because he can sell a lot of his milk to customers. The milk not only tastes delicious, but is good for our health. Now he is a major distributor for the milk. He is proud that, because of the milk, he also supports the health of the community.

He needs a new loan to buy more milk to fulfill the demands of the salesmen. Komang Ngurah will use the profit to support his children's education and save for family needs.

Previous Loan Details

Komang Ngurah W. K., 34, lives with his wife and one of his children, who is five years old. His main job is as a motorcycle salesman. Currently, he has a new side job as a distributor of soy milk in a box. Soy milk sells very successful in the market. He needs additional funds to enlarge the bus... More from Komang Ngurah's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Indonesia

  • $4,458
    Average annual income
  • 51
    View loans »
    Indonesia Loans Fundraising
  • $4,662,000
    Funds lent in using Kiva
  • 8,870.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Komang Ngurah to buy 50 boxes of soy milk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Oct 29, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Komang Ngurah. It was first posted on Kiva on Mar, 2011. Learn More