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Altho 3 Group
In this Group: Nina, Sriyah , Novian , Sri
Nina, 28 years old, is the group leader of Altho 3. A married mother of two children, Agung, five, and Aditya, one, Nina has been operating a kiosk in front of her house selling children's snacks and bottled tea since 2006. The money earned enables her to pay her children's school fees and meet her family's daily needs.



Nina and the other members of the Altho 3 group are requesting their second loan from VisionFund Indonesia so they can increase their working capital. Nina will use her portion to buy children's snacks and soft drinks for her kiosk. She hopes she can open a grocery store in the market near her house and eventually send her children to the University of Indonesia.



The other group members will use their loan portions to further fund their businesses. Sriyah has an enterprise selling cooked food; Novian has a business selling clothes on credit, and Sri has a venture buying and selling rummage.

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
  • 60
    View loans »
    Indonesia Loans Fundraising
  • $4,684,925
    Funds lent in using Kiva
  • 9,635.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Altho 3 Group's $625 loan helped a member buy bottle packaging, tea, soft drinks, and children's snacks.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 1, 2013