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Kebon Bawang 2 Group
In this Group: Nurhayati, Ponipah, Supriatin, Anak, Pudji
Nurhayati has been receiving sewing orders for several years. She used her previous loan to pay for completing sewing supplies for her orders. This business is going well and she wants to add to her business. Now she is taking a 2,500,000 Indonesian Rupiah loan from VisionFund Indonesia to open a barber shop. She hopes from her sewing orders and barber shop she can have savings to continuously send her children to school. In the future, she wants to make the barber shop well-known in her environment so she can bring in a lot of customers.

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

  • $5,200
    Average annual income
  • 82
    View loans »
    Indonesia Loans Fundraising
  • $5,150,750
    Funds lent in using Kiva
  • 9,130.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kebon Bawang 2 Group's $900 loan helped a member to pay for opening a barber shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013