Intan II Group has been running for one year and six months. The group is located in a small town in Indonesia called Cilacap. The group consists of 15 people. Their businesses include selling bed linens, wallets and handbags; selling snacks; selling fried snacks and soy milk; opening a small diner; selling phone credit, LPG, pastries, and vegetables. Because they have been a group together for a long time, they are very close to each other and always look out for each other. When one of them was sick, they collected donations to help pay for the medical expenses and they visited her often.
Intan II Group is headed by Turyati. Turyati is a single parent with two children – one still in school. Turyati has a business selling various items like bed linens. Her customers purchase the products through credit and pay back in small installments. With this loan, Turyati wants to add other products like clothing and bags. Since there is a lot of competition in the field, she's hoping that she can have her own stall in the next five years.
Other members of the group also plan to add products to their inventory. Hopefully this will increase the business earnings for each of the group members.
About Yayasan Sosial Bina Sejahtera (YSBS)
Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
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.