Check out some available loans that are similar to this one!
Seruni Cwg Group
In this Group: Indah, Santhie, Sumiyati, Ratna, Siti
Indah started a beauty salon business in 2006. She opened it in her house. She uses her living room for her beauty salon. Her husband is an ordinary employee and she likes to help her husband to generate income.

Now, she plans to use her part of the loan to buy more tools and products for hair beauty in her salon. She hopes in the future she can expand her beauty salon and keep increasing her savings to give a better education to her children.

Other group members plan to use their part of the loan to support their business selling food.

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.

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
  • 93
    View loans »
    Indonesia Loans Fundraising
  • $5,142,500
    Funds lent in using Kiva
  • 9,472.5
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Seruni Cwg Group's $1,600 loan helped a member to buy more tools and products for hair beauty.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 16, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013