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Maju Lancar 1 Group
In this Group: Musalifah , Karsi , Ami , Wartini , Monah
Musalifah, 39, is blessed with two children: Rizky, 17 years old, now in Senior High School, and Riko, 15 years old, now in Junior High School. Her first business sold fried snacks with capital of 500,000 IDR. Now she has expanded and changed her business to sell "nasi uduk," one of traditional foods of Indonesia which consists of rice cooked with coconut milk along with a spread of egg and noodles.

Musalifah loves her business. Her dream is to send her children to a college until they attain master's degrees. Musalifah wears the black T-shirt in this photo.

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
  • 127
    View loans »
    Indonesia Loans Fundraising
  • $5,027,225
    Funds lent in using Kiva
  • 9,620.0
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Maju Lancar 1 Group's $1,575 loan helped a member to add capital and to buy the material coffee.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013