Suryati is 41 years old and married to Thomas. They have two children, both of whom go to school. She owns a grocery store and has been running this business for the past five years. The location is 5 km from her house and per day she may get IDR 150,000. The profits from the business will be used for her family needs and pay her children's education fees.
Suryati requested a IDR 6,000,000 loan through VisionFund Indonesia to pay her children's school fees and to buy noodles, children's snacks, and sugar. She is working diligently even though she has a competitor near her house; she enjoys running this business because she has income as a housewife.
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.