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Tumbuh Kembang 9 Group
In this Group: Yayan, Suwarti, Ina, Warti, Nuryati, Lenih, Mariyam
Yayan is a widow. She has been selling things such as oil, sugar and snacks from a kiosk in front of her house. Now she wants to add gallons of water and liters of gasoline to her kiosk to sell as well. Her business has been going well, but she is taking her first loan with VisionFund Indonesia to hopefully help continue to grow it. The income from her business enables her to feed her family.

Yayan hopes someday she can become an agent of the gasoline company and sell wholesale to customers like herself now. She also hopes that all of her children and grandchildren grow up with the opportunity and finances to attend school.

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

  • $4,458
    Average annual income
  • 73
    View loans »
    Indonesia Loans Fundraising
  • $4,829,750
    Funds lent in using Kiva
  • 8,974.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Tumbuh Kembang 9 Group's $650 loan helped a member to pay for gallons of water and liters of gasoline to resell in a kiosk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012