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Taman Sari Group
In this Group: Luh Eka, Ni Made, Wayan, Ni Wayan, Ni Ketut, Ni Komang, Ni Luh, Ketut, Ni Kadek, Gusti Ayu

Update on Taman Sari Group

Having succeeded in the previous period, the Taman Sari groups proceeded to the next loan. Based on the assessment of MUK, the applications of the group to increase the number of loans was granted. Currently the group received 15M IDR with each individual person receiving 1.5M IDR. Because most have been able to increase the number of pig populations, the current loan was used to buy food and fix the cages. Luh Eka used the loan to buy a super quality feed and build new cages. She was very pleased with the effort that can be developed. She hopes to become a big pig seller in her village and use all the profits to improve the welfare of her family.

Previous Loan Details

The Taman S. group is located in Pemuteran village, Singaraja, North Bali. Most of the inhabitants work as farmers. They are facing the dry season today, requiring them to find a side business to increase their income. The selected business is raising pigs, because in addition to getting venture... More from Taman Sari 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
  • 71
    View loans »
    Indonesia Loans Fundraising
  • $4,794,850
    Funds lent in using Kiva
  • 9,172.5
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Taman Sari Group's $1,650 loan helped a member to buy a super quality feed and build new cages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 17, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012