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Sukses Jaya Group
In this Group: Ida, Yulia, Titin, Nurhayati, Saraswati, Jaqueline, Evie
Ida is the leader of this group of entrepreneurs. Ida lives in the village "Pinang Ranti" in the east of Jakarta. Ida was born 53 years ago. She is already divorced and has four children who are attending college and senior high school. Ida sells ready-to-wear-clothes and has been for over 10 years. She sells some Muslim fashions, house dresses, blouses, and children clothes.

With the help of this loan, Ida and her group members will be able to expand their businesses, make more sales and consequently improve on their living conditions. Ida will use her share of the loan ( 2,000,000 IDR) to buy batik ( traditional clothes of Indonesia) from another town "Solo", and cover the transportation fees.
She dreams of having a restaurant and to see her first daughter become a nurse.

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

  • $4,458
    Average annual income
  • 59
    View loans »
    Indonesia Loans Fundraising
  • $4,478,300
    Funds lent in using Kiva
  • 9,702.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Sukses Jaya Group's $1,100 loan helped a member to buy batik (traditional clothes of Indonesia) and cover the transportation fees.
96% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 30, 2014