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Sumber Tanjung Group
In this Group: Ni Ketut, Ni Nyoman, Ni Kadek, Ni Kadek, Ni Ketut, Luh Nik*, Ni Luh, Luh , Luh, Luh
* not pictured

Update on Sumber Tanjung Group

To continue and to expand the business, the Sumber Tanjung group decided to take out a new loan. They asked for the same size loan. This loan will be used to purchase piglets and feed.

Ni Ketut, 41, head of the group, has two adult children. She lives with her husband and one grandchild. Ni Ketut plans to use her new loan to purchase three piglets and feed. The price for local piglets is down now, so she decided to take out the same size loan. She hopes in the next six months, the price will go up again and she can earn a satisfactory price. Ni Ketut is wearing a pink shirt and holding her grandson.

Previous Loan Details

Sumber Tanjung Group is located in a beachside community in North Bali. All the husbands of the members of the group work as fishermen. The Balinese women support their husbands' income by raising pigs at home. After successfully paying off their first loans, the group members have proceeded to ... More from Sumber Tanjung 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
  • 82
    View loans »
    Indonesia Loans Fundraising
  • $5,153,225
    Funds lent in using Kiva
  • 9,100.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumber Tanjung Group's $1,650 loan helped a member to purchase three piglets and feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Sumber Tanjung Group. It was first posted on Kiva on Sep, 2011. Learn More