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Buah Naga 3 Group
In this Group: Renny, Akbar, Emi, Mimin, Nuraini, Miranti, Nurlaila, Saidah, Gustiawati, Wadodo
Renny is 38 years old. She is married to an employee. They are blessed with two children, ages 11 and 8 years old, who still attending school. For the past two years, she has been working hard selling cookies in front of her house and door to door around the neighborhood. Her business is going well but she needs more money to buy supplies such as flour, chocolate, sugar and butter to make more cookies to sell. From this business, she is able to pay her children's school fees and help her husband to meet the needs of the family. In the future, she wants to expand her business and buy a new display window. The other group members will use their loan to improve their businesses such as selling chicken porridge, selling cookies and selling clothes.

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
  • 48
    View loans »
    Indonesia Loans Fundraising
  • $4,647,925
    Funds lent in using Kiva
  • 8,978.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Buah Naga 3 Group's $1,025 loan helped a member to buy flour, chocolate, sugar and butter to make more cookies 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