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Setia Group
In this Group: Supitri, Rini, Lasmi, Erli, Feryn, Lulu
Feryn is 35 years old, and she describes herself as a hardworking and welcoming woman. She lives with her husband and four children in the Ciracas province of Jakarta. Her husband, Olade, works as a mechanic. Feryn started her clothing retail business on credit in her home in 2011. She sells her merchandise to her neighbors and members of her church. Sometimes she has delinquent customers but, until recently, she could handle this problem.

Feryn will use this loan to buy house dresses, T-shirts, and children's trousers. In the future, she will expand her business to sell electronic goods. Beside produce profit to pay her children school fee, Feryn enjoy this business because she can take care of her children also.

Additional Information

About VisionFund Indonesia

VisionFund 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.

About Indonesia

  • $5,200
    Average annual income
  • 36
    View loans »
    Indonesia Loans Fundraising
  • $5,218,725
    Funds lent in using Kiva
  • 9,713.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Setia Group's $625 loan helped a member to buy clothes for sale.
98% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 21, 2013
Mar 25, 2013
Currency Exchange Loss:
Nov 26, 2013