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Pigy Lestari Group
In this Group: Ni Komang, Ni Komang, Ni Nengah, Ni Ketut, Ni Ketut*, Ni Ketut, Ni Luh, Ni Made, Ayu Putu*, Ni Ketut
* not pictured

Update on Pigy Lestari Group

The Pigy Lestari group decided to continue to borrow from MUK. Although some of them lost, they kept their spirits up to run their businesses. The settlement was attended by eight members because two members had a ceremony at the temple.

Ni Komang will use her loan to purchase two superior piglets. To reduce the cost of feed, Ni Komang will combine it with traditional food. She hopes this time the pigs will grow fast and fat, so she will get a good price for them.

Previous Loan Details

The Pigy Lestari group is made up of 10 women who are neighbors in the same village in Melaya, West Bali. The group is seeking a loan of 10,000,000 Rupiah (IDR); each member will receive 1,000,000 IDR. The group was formed out of these women's common interest in raising pigs to supplement family ... More from Pigy Lestari 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

  • $4,458
    Average annual income
  • 103
    View loans »
    Indonesia Loans Fundraising
  • $4,849,400
    Funds lent in using Kiva
  • 9,155.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pigy Lestari Group's $1,100 loan helped a member to purchase two superior piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 20, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012