Satria 1 Group
Kosiah sells cooked food near her house. She has run this business since last year, and it is still running well. There are many competitors around her business, but she already has own customers.
Kosiah and the other members of the Satria 1 group are requesting financial support from VisionFund Indonesia for the third time so that they can increase their working capital. Kosiah will use this loan to buy chicken, fish, eggs and rice.
About VisionFund IndonesiaVisionFund 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
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Success!! The loan was 100% repaid