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Usaha Jaya 11 Group
In this Group: Siti, Nuraini, Robiah, Yeyen, Siti, Tery, Carini
Nuraini is a mother of two children. She has been selling cell phone minute refills for two years from her house. Her business is going well and she has a lot of customers. This is her second loan with VisionFund Indonesia. She plans to use this loan to buy more cel phone minute refills to sell. Her husband is a container driver. Her income can contribute to her husband's income to buy food and pay for the children's school fee. She likes selling cell phone minute refills because it is practical and easy even though the income is not too big.

In the future, she hopes she can have a bigger stall and have more customers. By doing this, she hopes she can have enough savings to continuously send her children to school.

Other group members use their loan to improve their business selling clothes on credit and selling nasi uduk.

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

  • $5,200
    Average annual income
  • 25
    View loans »
    Indonesia Loans Fundraising
  • $5,199,250
    Funds lent in using Kiva
  • 9,068.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Usaha Jaya 11 Group's $1,500 loan helped a member to pay for more cell phone minute refills to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Jan 2, 2012
Currency Exchange Loss:
Possible
Ended:
May 15, 2012