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Bungur Indah 1 Group
In this Group: Misni, Djulaeha, Lisa, Mariyah, Rika, Nyai, Emar
Misni is running a food stall selling "Gado-gado," an Indonesian vegetable dish. She is married with three children who are 15, 23, and 28 years old. She has been operating her food stall since 1997. Her business is stable and growing each year, now enjoying a period of seasonal high demand (religious holidays). The challenges she is facing are price fluctuations, inflation and the fact that some customers are not paying on time.

Misni is applying for a loan of 2,000,000 IDR in order to purchase ingredients such as seasonings, peanuts, vegetables, etc. The extra income from the loan will be added to her savings to fix her kitchen. Her plans for the future are not only selling gado-gado but clothes also.

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

  • $4,458
    Average annual income
  • 59
    View loans »
    Indonesia Loans Fundraising
  • $4,491,425
    Funds lent in using Kiva
  • 9,475.4
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bungur Indah 1 Group's $1,600 loan helped a member to purchase gado-gado ingredients.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013