Sehati Damai 2 Group
Anita is one of the members receiving her second loan with her friends. She lives in the Susukan area east of Jakarta and she is a very happy, friendly lady. She is 38 years old, married, and has a fourteen-year-old son and a ten-year-old daughter who attend a school near their house. Her husband is a mechanic. They don’t have a home of their own, but rent.
Anita is a hardworking and enterprising woman. She makes and sells various cakes around her neighborhood. She’s been doing this for 2 years. From the income she can pay her house rent and pay her children's school fees.
She will use the money from this loan to buy ingredients for her cakes, such as flour, sugar, coconut and rice, and continue her business. Her dream is to travel to Saudi Arabia and to send her children to a famous university.
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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