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Pangkung Lip-Lip Indah Group
In this Group: Ni Kadek, Ni Luh, Ni Luh, Ni Kadek*, Ni Putu, Ni Luh, Ni Ketut, Ni Wayan, Ni Ketut, Ni Kadek , Ni Made, Ni Luh, Ni Made, Ni Nengah, Ni Wayan
* not pictured

Update on Pangkung Lip-Lip Indah Group

To increase their businesses, the Pangkung Liplip Indah group continues to borrow from MUK. They feel comfortable with having the loan because they also have been trained by the MUK staff. Ni Kadek, the treasurer of the group, 28, has two children. Her first daughter, 10, is in the fourth year of elementary school, and her second child is still a toddler. Her husband works as a farmer on his own land.

After succeeding with the last loan, Ni Kadek took out another loan to purchase two superior piglets and sell as fattening pigs. Currently the price for one superior piglet is 500,000 Rupiah (IDR). All the profit from this business is going to support her children's education. She hopes the business will grow and she will become a successful pig breeder.

Previous Loan Details

Ni Kadek is 29 years old and lives in Melaya, West Bali. She is married and has two children, aged 10 and eight. Her younger son is in second year in elementary school and her older son is in fourth year in elementary school. Her husband works as a farmer. Though Ni Kadek often helps her hus... More from Pangkung Lip-Lip Indah Group'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.

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
  • 61
    View loans »
    Indonesia Loans Fundraising
  • $4,684,925
    Funds lent in using Kiva
  • 9,190.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pangkung Lip-Lip Indah Group's $2,450 loan helped a member to purchase two superior piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012