Sadar Jaya Group
Agus (who is the man holding the brown envelope) is the group's president. He is 35 years old, married, and a father of three children. All of his children are going to school.
Agus will use the loan to buy some kinds of flowers: roses, orchids, and tuberose flowers from the flower market in the city. He will then resell his goods at the local market, where he has a stand, to welcome Chinese New Year. He also has skills to arrange the flowers. He is self-taught in floral arrangement. He can save his profit of IDR 200,000 per month.
Agus has five years of experience in this line of business. He works actively to help cover his family's daily expenses. He has a dream to have a permanent stand in the market and expand his business.
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
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.
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