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Sawe Puncak Indah Group
In this Group: Ni Ketut, Ni Putu, Ni Ketut, Ni Ketut, Ni Wayan, Ni Kadek, Ni Wayan , Ni Nengah, Ni Komang, Ni Luh

Update on Sawe Puncak Indah Group

Sawe Puncak Indah group received another loan from MUK for 10 members. Each member gets 1.5 million IDR. These loans are used to support the efforts of businesses related to pigs.

Ni Ketut will use this loan to buy a superior quality sow. She has a plan to become a seller of piglets. She already has a local sow and the piglets usually go for pig barbecue. The price today is 450,000 IDR per piglet. To reduce the cost of feed, Ni Ketut is feeding her piglets with traditional feed made from banana stems and various kinds of leaves. Ni Komang will pursue this effort to support the family economy.

Previous Loan Details

The Sawe Puncak Indah group was formed by 10 women who have similar purposes and businesses as pig breeders. They got the information about pig breeding from the other group at the next village. Actually, they already have pigs at home, but they want to improve their businesses by joining MUK. ... More from Sawe Puncak Indah 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
  • 100
    View loans »
    Indonesia Loans Fundraising
  • $5,001,775
    Funds lent in using Kiva
  • 9,452.8
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sawe Puncak Indah Group's $1,600 loan helped a member to buy a superior quality sow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 8, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Sawe Puncak Indah Group. It was first posted on Kiva on Dec, 2011. Learn More