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Buah Naga 2 Group
In this Group: Maryati, Rosanih, Rina, Yohani, Elmi, Latipah, Romdani, Mochamad, Sriherni
Maryati is 39 years old and married with two children. One of the children has found a job and the other one is still attending school. She has been selling fried food and soft drinks for one year. The business is going well and the income can help her to provide her family's daily needs.

Maryati is taking her first loan with VisionFund Indonesia to add more varieties of food and to pay for raw materials such as flour, bananas and sugar to make more fried snacks, so that she can increase her customers. In the future, she wants to have her own kiosk and have enough savings to send her child to a better education. The other group members will use their loans to improve their businesses such as selling cookies and selling cell phone minutes refills.

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

  • $4,458
    Average annual income
  • 66
    View loans »
    Indonesia Loans Fundraising
  • $4,812,350
    Funds lent in using Kiva
  • 8,978.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Buah Naga 2 Group's $900 loan helped a member to pay for flour, bananas and sugar to make more fried bananas to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2012
Listed
Feb 7, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 29, 2012