Balai Rakyat 4 Group
Hikmah is married with one son in fourth grade and one daughter in third grade. This is her second loan with VisionFund Indonesia. She will use this loan to buy materials to build a stand to sell plastics and used cardboard. She wants to have enough savings and hopes she can give a better education to her children.
Other group members will use their loans to improve their businesses which include selling nasi uduk (an Indonesian rice dish), selling fruits and selling snacks.
About VisionFund IndonesiaVisionFund 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
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Success!! The loan was 100% repaid