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I Gede
I Gede, 35 years old, is married and has one 4-year-old daughter. He works as a pig farmer and he's earning 1,300,000 Indonesian rupiah (IDR) every three months. He raises pigs for pork rolls; the pigs are sold after being kept for three months. He applied for a loan of 10,000,000 IDR to buy superior quality piglets, build new cage, and purchase feed, because this time he already has 10 piglets.

I Gede plans to save his profit to be used for the future of his children. He spends 25,000 IDR for the food costs every day. This is his first loan with MUK. He hopes the business can run smoothly and he can achieve success.

Additional Information

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.

About Indonesia

  • $4,458
    Average annual income
  • 49
    View loans »
    Indonesia Loans Fundraising
  • $4,581,075
    Funds lent in using Kiva
  • 9,643.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped I Gede to buy superior quality piglets, build a new cage and buy feed.
90% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014