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Melati Barat 2 Group
In this Group: Titin, Firman, Mursilah, Dedeh, Rosliana
Titin, 45 years old, has sold crackers and cookies since 2002. She sells her goods in the kiosks near her home. So far, her business has grown and from her profit she can pay her children's school fees. She will use this loan to pay the examination fees for her children and to buy flour, eggs, butter and other ingredients for her cookies and crackers. She hopes one day she have a bakery and see her children study in the 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

  • $5,200
    Average annual income
  • 95
    View loans »
    Indonesia Loans Fundraising
  • $5,146,050
    Funds lent in using Kiva
  • 9,637.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Melati Barat 2 Group's $2,350 loan helped a member to buy ingredients for cookies and crackers.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 1, 2013