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Sari Usaha Group
In this Group: Ni Ketut, Ni Luh, I Gusti Ayu Ketut, Anak Agung Ayu*, Ni Putu , Ni Wayan , Ni Putu*, Ni Putu, Ni Nyoman, Ni Wayan
* not pictured

Update on Sari Usaha Group

Ni Ketut is applying for a new loan to continue her business. Currently, the schools of her children will cost quite a lot because it is near the exam. Doing her pig-raising business greatly helps to meet those costs.

Ni Ketut will use the loan to buy three superior piglets with feed purchased with her own money from last period's profit. She hopes that in the next six months her business will run smoothly so that it can pay for school fees.

Previous Loan Details

The pig business performed by Ni Ketut arguably is quite good in terms of income. The continued lending from MUK of Rp. 1,300,000 is expected to further develop the pig business. She will use the loan to buy four piglets. Entering the age of 29 years, Ni Ketut is encouraged to more actively expan... More from Sari Usaha 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
  • 48
    View loans »
    Indonesia Loans Fundraising
  • $4,669,875
    Funds lent in using Kiva
  • 9,065.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sari Usaha Group's $1,450 loan helped a member to buy three superior piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 19, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012