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Aris Setya Wiguna Group
In this Group: I Putu, I Made, I Ketut, Ngurah, I Ketut, I Ketut, I Gede, I Komang, I Nengah, I Ketut

Update on Aris Setya Wiguna Group

The Aris Setya Wiguna Group needs a new loan to purchase raw materials including wood, sand and cement. Now they have an order to carve at the temple. Usually, they will finish jobs in three months, depending on the size of the carving area. I Putu will manage the group to take orders based on their expertise. This group is very famous now because of their excellent work. The group has many orders and I Putu will manage them and make a schedule. In the future, the group hopes they will have their own capital to run the business.

Previous Loan Details

I Putu R. as the leader of Aris Setya Wiguna, and he successfully leads the group very well. He was assigned to find a job carving wood for members of the group, divide the work and provide salaries appropriate to the work undertaken by its members. For this loan, members plan to buy the raw mate... More from Aris Setya Wiguna 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

  • $5,200
    Average annual income
  • 95
    View loans »
    Indonesia Loans Fundraising
  • $5,146,050
    Funds lent in using Kiva
  • 8,940.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Aris Setya Wiguna Group's $2,250 loan helped a member to purchase raw materials including wood, sand and cement.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 24, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Aris Setya Wiguna Group. It was first posted on Kiva on Jan, 2011. Learn More