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Harmoni Indah 3 Group
In this Group: Siti, Herni, Endang, Yuli, Ryant, Sulahmi, Eulis

Update on Harmoni Indah 3 Group

This is a reloan for Harmoni Indah 3 group. This group has three new members, and one of the old members left the group. With the previous loan, Siti was able to make a small renovation to her store and sell more things. Now she plans to use her part of the loan to buy materials to continue repairing her store and also add more stuff to sell in her store. She hopes her business can continuously succeed and she can be an agent to resell to smaller sellers.

Other group members plan to use their part of loan to help their businesses selling bags, noodles and "nasi uduk" (Indonesian rice with coconut flavor).

Previous Loan Details

Siti is married with four children. All of her children are already married. She opened a general store in front of her house and she has been doing this for two years. Her business is doing well but she wants to take a loan to pay for materials to repair store. In the future, she wants to expand... More from Harmoni Indah 3 Group's previous loan »

Additional Information

About VisionFund Indonesia

VisionFund Indonesia is a Christian micro venture capital organization owned by Mitra Masyarakat Sejahtera (MMS) and Wahana Visi Indonesia. Founded in 2000, VFI operates in both Jakarta and Surabaya, the two biggest cities in Indonesia. VFI targets the entrepreneurial poor who have existing microbusinesses for at least 6 months and have no financial access to commercial banks. VFI also provides microinsurance for all clients through a partnership with Allianz insurance company. With nine branches as of 2011, VFI hopes to expand in order to reach underserved microfinance markets in other islands of Indonesia.

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
  • 26
    View loans »
    Indonesia Loans Fundraising
  • $5,200,225
    Funds lent in using Kiva
  • 9,277.5
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Harmoni Indah 3 Group's $1,300 loan helped a member to pay for materials to repair store and add more inventory.
94% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
May 11, 2012
May 23, 2012
Currency Exchange Loss:
Apr 23, 2014