Tunjung Wiguna Group
Update on Tunjung Wiguna GroupNi Ketut is a member of the Tunjung Wiguna group. With her last loan, she managed to earn a good profit, and her increased income was very helpful to her family's finances, particularly since she is experiencing difficult times due to the increasing expenses involved in supporting a family.
Ni Ketut has decided to request an additional loan from MUK due to the fact that the loan funds have been extremely valuable in developing her pig-raising businesses. She will use her loan to buy four piglets and pig feed.
Her goal is for her business to support the daily needs of her family, allow her to increase her savings, and pay for her children's education.
(One member shown in the picture has resigned from the group because she had to accompany her husband when he obtained work in the city.)
Previous Loan DetailsTo carry on the business and increase revenue, the Tunjung Wiguna group continued the loans. With the same loan amounts, their use will still be to buy piglets and feed. In this loan period, Ni Ketut will use the loan to buy four piglets of a local species. Pigs are sold every 3 months. With thi... More from Tunjung Wiguna Group's previous loan »
More information about this loan
This loan is part of MUK’s effort to reach small business owners in rural areas of Bali in Indonesia. Borrowers often lack collateral to be eligible for working capital loans and are located in areas where access to microfinance is limited. MUK organizes borrowers into groups that cross guarantee one another, allowing them to qualify for a loan. By funding this loan you are providing underserved borrowers with crucial capital to sustain their existing businesses.
About Koperasi Mitra Usaha Kecil (MUK)This loan is serviced by Koperasi Mitra Usaha Kecil (MUK), a microfinance cooperative headquartered in West Bali, Indonesia. MUK’s mission is to provide chronically poor people in Bali with opportunities to improve their lives, while raising social awareness of economic and environmental issues.
Most MUK clients live in rural settings on less than $1.25 per day. MUK’s financial products are targeted to clients’ productive activities including small businesses, farming, and livestock rearing. MUK supports clients with training in household budgeting, livestock rearing, and small business management.
MUK provides services to clients of all races and religions. For more information about MUK, please visit its partner page. Also, consider joining MUK’s Kiva lending team, Friends of Mitra Usaha Kecil.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
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