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Matahari Terbit Group
In this Group: Ida , Nursecha, Samiah, Dina , Tolingah
Ida, 34 years old, is married to Missin and blessed with two children: Ridwan, 11 years old and Aulia, 4 years old. Ida has been running her business for three years. She started with selling cold drinks. With each passing day immigrants and residents have increased rapidly, so Ida's business is growing also. She tried to expand her business to prepare not only cold drinks but fix up her kiosk to be a coffee shop and she added more snacks.

Now, a few meters from her home, the government is going to build housing for residents in her district, and usually the workmen take breakfast and coffee time in her coffee shop. So Ida is using this loan to buy more cigarettes, coffee powder, sugar and snacks to prepare drinks in bigger amounts.

From the profit Ida can prepare a better life for her children, for example, buying lesson books and taking her family to a local amusement park. Her dream is to send her child to college at Indonesia University.

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
  • 64
    View loans »
    Indonesia Loans Fundraising
  • $4,708,325
    Funds lent in using Kiva
  • 9,590.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Matahari Terbit Group's $1,325 loan helped a member to buy cigarettes, coffee powder, snacks and sugar.
98% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 26, 2013