Daya Pertiwi Group
Update on Daya Pertiwi GroupDewa Ayu lives in the village of Tegal Cangkring with two of her children who are still in school. Dewa Ayu is helping her husband who is a farmer with the income she earns by running a pig business in her home.
In order to expand her business, Dewa Ayu is raising capital by joining the group Daya Pertiwi where she was chosen by the other members as the head of the group. They work together with MUK to get business loans for pig farmers.
With the loan of 2M IDR per person, Dewa Ayu plans to buy four piglets at a price of Rp 500.000 each. Although the price of feed is currently very expensive, Dewa Ayu expects the sale of four pigs at a later time will earn a profit, increase the income of her husband to support her family and help pay her children's school fees. Dewa Ayu is sitting in front, second from the right wearing a chocolate shirt. Two of the members couldn't attend the meeting and are represented by their husbands.
Previous Loan DetailsGusti Ayu lives in the village of Tegal Cangkring with her husband, who is a farmer, and two children, who are still in elementary school. At the age of 33, she works diligently to develop the piggery at her home in spite of work at the bridal salon that she also has. Gusti Ayu has been coope... More from Daya Pertiwi Group's previous loan »
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.
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Success!! The loan was 100% repaid