Suharni, 34, is married to Dudin. They have three children. Dudin works and has a salary of 1,800,000 IDR per month, but the number of dependents has required her to have other income. Suharni like to cook and many people like her cooking. Suharni started her business by opening a canteen in a school, but now she has opened a food stall in front of her house, where she cooks soto. Soto is traditional food of Indonesia: noodles cooked with coconut milk and vegetables. Suharni sell her soto for 6,000 IDR per portion. In the the first few months she kept her food stall open until midnight, but now she stays open longer because many customers still come.
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.