126 Grace Group
Sri sells fried snacks, such as sausage spring rolls, at a private school near her house. She started this business four years ago, and it is going very well; she earns up to 150,000 IDR a day.
Sri will use this loan to buy a stove and purchase additional ingredients like sausage, spring rolls, corn, and chicken. Sri enjoys her work because cooking is her hobby.
Sri and the other members of the "126 Grace" group are requesting financial support from VisionFund Indonesia for the third time so that they can increase their working capital. Sri hopes one day to send her child to school in Saudi Arabia.
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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