Mulya Sari Group
Update on Mulya Sari GroupAlthough the group earned enough profit in the last loan, they still need a new loan for their businesses because they have a strong will to have successful pig businesses. The loan will be used to improve their businesses by purchasing superior piglets or a sow.
Ni Ketut used the loan to buy three superior piglets. She has a plan to maintain them to become sows. She wants to become a piglet seller in her village. She hopes MUK and KIVA will always support her and the group, not only for the loan but for training also. Ni Ketut is on the right, wearing a white shirt.
Previous Loan DetailsThis is the second loan for the Mulya Sari group. For this new loan, they received Rp 18,000,000, an increase of Rp 3,000,000 from the last loan. Ni Ketut received Rp 1,500,000, which she is using to purchase two piglets and feed. Ni Ketut has two children who are still in school. Her husband wo... More from Mulya Sari Group's previous loan »
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
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Success!! The loan was 100% repaid