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Bun Lestari Group
In this Group: Ni Wayan, Ni Wayan, Ni Wayan, Ni Wayan, Ni Nyoman, Ni Made, Ni Made, Ni Nyoman, Ni Wayan, Ni Nyoman
Often called Island of the Gods, Bali is predominantly Hindu, and this group of residents from Sangketan village have joined together to work with MUK to secure funding to buy piglets and feed for them to eat. Many housewives in Bali raise pigs as a way to help support their families. One problem is that most of them do not know the correct way of raising livestock. To improve their skills, they have joined a group where they can exchange information and apply for a loan from MUK.

Ni Wayan, 37, is a housewife who is head of the Bun Lestari loan group, which is requesting a loan to buy three piglets and feed. Six months after buying the pigs, they will be ready to sell and the money they bring in will help support families. One member of this group was sick and could not attend this meeting. She is represented here by her son.

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.

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
  • 49
    View loans »
    Indonesia Loans Fundraising
  • $4,591,375
    Funds lent in using Kiva
  • 9,578.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bun Lestari Group's $3,150 loan helped a member to buy three piglets and feed for them to eat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 30, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013