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Sigaran Indah Group
In this Group: Ni Made, Ni Made, Ni Wayan, Ni Nengah, Ni Wayan, Ni Luh Gede, Ni Ketut, Ni Nyoman, Ni Ketut, Ni Nyoman, Ni Made, Ni Wayan, Ni Wayan
Bali is a tourism island, but looking at particular districts we will see that there are so many rural communities dependent not only on tourism, but on breeding animals and farming as well. This female group in Sigaran village, central Bali, joined MUK to get a loan, uniquely for Pig breeding.

Ni Made, as a housewife in Bali, is used to keeping pigs at home to support the family's income, on top of her husband's income. But the problem is most of the group do not know the correct way of raising pigs. To improve their skills, they formed a group. In addition to exchanging information, they also apply for loans. Ni Made, 41 years old, become the head of the Sigaran Indah group to enhance their capacity in terms of raising pigs and raising capital for the business. The loan proposed by the group Sigaran Indah will be used to buy two superior piglets, and the rest spent on buying feed. In a period of 6 months, the pigs will be ready for sale. The profits gained from this effort will be used entirely to support the economy of the 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.

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
  • 48
    View loans »
    Indonesia Loans Fundraising
  • $4,586,850
    Funds lent in using Kiva
  • 9,651.5
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sigaran Indah Group's $2,700 loan helped a member to buy two superior piglets and feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013