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Jumrah
Jumrah lives in the village of Pejarakan in Singaraja, North Bali. He worked as a clerk in a hotel. He borrowed a loan from MUK to enlarge his shop at home, which will be managed by his wife. Currently, Jumrah has stalls for selling everything a family needs, such as cooking oil, rice, herbs and more. He will use the loan to enlarge the shop and buy other merchandise such as shampoo, soap, school stationery and fuel oil. Jumrah hopes this effort will be more successful so he can save for the future of his 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

  • $4,458
    Average annual income
  • 51
    View loans »
    Indonesia Loans Fundraising
  • $4,647,925
    Funds lent in using Kiva
  • 9,475.4
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Jumrah to enlarge the shop and buy other merchandise such as shampoo, soap, school stationery and fuel oil.
94% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014