Tengku has a salon that she started in 1984. She lives with her spouse, who worked in a travel company and only has the average of income 1,000,000 IDR per month. She still has one child in college.
Tengku's salon is located in her house. At the beginning, she offered her service just for treatment, but now she does treatments and bridal makeup. She will use this loan to increase the size of her salon and buy some additional equipment. She dreams of increasing her business with good, complete equipment and finding a strategic place for her business.
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.