Obed Riston, 32, is living in the city of Negara, west Bali. He works selling mobile phone vouchers and this business has already been running for two years. He is asking for a loan of 3M IDR to purchase mobile phone vouchers and also mobile phone accessories. Because now he has more customers, he needs to expand his business inventory. Obed Riston plans to save the profit for his future life. Now he lives alone and all the saving will be used for the preparation of his marriage later on.
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.