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Karya Mandiri 2 Group
In this Group: Partimah, Suwandi, Rukhan, Sumardi
Suwandi is a father of two who lives in Jakarta City. He is a diligent entrepreneur. His business is selling men's and women's shoes to the pedestrians at the main street. Through his work, he earns a living for his family.

He buys the shoes from a factory then resells them again at an affordable price. His business is the only place in the street that sells shoes which is an advantage for him over his competitors among the street vendors.

With the loan, he will rent a more permanent kiosk in the nearby market where he can run his business and add a greater variety of shoe types to his inventory. By doing so, he hopes to increase his income for the family and children's education. Suwandi will use this loan to increase the capital available to buy shoes and sandals.

Suwandi expects to be able to grow his business and generate more income which will allow him to have some savings in order to send both of his children to higher education.

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
  • 89
    View loans »
    Indonesia Loans Fundraising
  • $5,140,300
    Funds lent in using Kiva
  • 9,742.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Karya Mandiri 2 Group's $2,475 loan helped a member to buy 100 pairs of shoe and sandals.
98% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 1, 2013