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Mat
Mat is a father of two children. His children are eight years old and six years old. He has been selling vegetables since 2009. The business is going well but he wants to take out his second loan with VisionFund Indonesia to buy more and different variety of vegetables to sell from his stall.

Already, the income from the business has enabled him to put tiling on the floors of the home so they are no longer made of dirt. His wife is a house maid but he hopes his business can grow enough so that someday she can work with him rather than have to clean houses.

Additionally he hopes his children have the opportunity and the money to attend the university as he only was able to complete the ninth grade.

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.

About Indonesia

  • $5,200
    Average annual income
  • 30
    View loans »
    Indonesia Loans Fundraising
  • $5,210,800
    Funds lent in using Kiva
  • 8,962.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Mat to pay for more vegetables to sell in his stall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012