Check out some available loans that are similar to this one!
Harini
Harini, a housewife, has two children who are still attending school. Her husband, I. Ketut, works at the port. To support the family income, Harini is selling fish in the market. Every day she buys the fish from fishermen and resells. To sell the fish, Harini rents a place in the market. Harini wants to borrow from MUK with a loan of 5M IDR to buy a place/store in the market in order not to hire anymore. Having her own place of business can save the cost of rent. The new locations are more expensive and strategic, so Harini can sell more fish. Harini hopes that with the selection of the strategic location, her sales can increase and will help welfare of her family.

Additional Information

More information about this loan

This loan is part of MUK’s effort to reach small business owners in rural areas of Bali in Indonesia. Borrowers often lack collateral to be eligible for working capital loans and are located in areas where access to microfinance is limited. MUK organizes borrowers into groups that cross guarantee one another, allowing them to qualify for a loan. By funding this loan you are providing underserved borrowers with crucial capital to sustain their existing businesses.

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.

About Indonesia

  • $5,200
    Average annual income
  • 31
    View loans »
    Indonesia Loans Fundraising
  • $5,197,675
    Funds lent in using Kiva
  • 9,475.4
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Harini to buy a place/store in the market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013