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Sumber Kelapa Group
In this Group: Hasunah, Aminah, Maulida, Busani, Suliti, Amana, Siti, Salamah, Muaswiah, Surati

Update on Sumber Kelapa Group

The members of the Sumber Kelapa group are requesting a loan to buy supplies for their various businesses. Some will also use a portion of the loan to buy merchandise to sell in their small kiosks. Hasunah, who leads the group, will use her portion to buy raw materials such as wood and coconut shells. She hopes she can finish her craft orders on time and that she can use her profits to renovate her house and expand her business.

Previous Loan Details

After succeeding with the last loan, Hasunah and the member of Sumber Kelapa group decided to continue to borrow a loan from MUK with the same loan size. They need the new loan to improve their businesses. Hasunah’s husband support her to run the bussines. He often help her to work on it. The bu... More from Sumber Kelapa Group's previous loan »

Additional Information

More information about this loan

This loan is part of MUK’s effort to reach small business owners in rural areas of Bali in Indonesia. Borrowers often lack collateral to be eligible for working capital loans and are located in areas where access to microfinance is limited. MUK organizes borrowers into groups that cross guarantee one another, allowing them to qualify for a loan. By funding this loan you are providing underserved borrowers with crucial capital to sustain their existing businesses.

About Koperasi Mitra Usaha Kecil (MUK)

This loan is serviced by Koperasi Mitra Usaha Kecil (MUK), a microfinance cooperative headquartered in West Bali, Indonesia. MUK’s mission is to provide chronically poor people in Bali with opportunities to improve their lives, while raising social awareness of economic and environmental issues.
Most MUK clients live in rural settings on less than $1.25 per day. MUK’s financial products are targeted to clients’ productive activities including small businesses, farming, and livestock rearing. MUK supports clients with training in household budgeting, livestock rearing, and small business management.
MUK provides services to clients of all races and religions. For more information about MUK, please visit its partner page. Also, consider joining MUK’s Kiva lending team, Friends of Mitra Usaha Kecil.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 63
    View loans »
    Indonesia Loans Fundraising
  • $4,684,925
    Funds lent in using Kiva
  • 9,738.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Sumber Kelapa Group's $1,050 loan helped a member to buy raw materials.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Sumber Kelapa Group. It was first posted on Kiva on Apr, 2012. Learn More