Andong 1 Group
Endang is one of the members receiving her second loan with her friends. Endang lives in the Susukan in the east of Jakarta and she is a very happy, friendly lady.
Endang is 36 years old, married, and has a sixteen-year-old and an eight-year-old daughter who attend school. Her husband is a motorcycle driver and his income is not enough to cover his family's needs. Every day her husband only earns 80,000 IDR.
Endang is a hard-working and enterprising woman, selling various types of clothing (house dresses, underwear, Moslem fashions) which she sells on credit from house to house. She’s been doing this for 10 years. Endang's business had many customers, but her child had to undergo heart surgery that requires a lot of money and care and she had to stop her business. Now, she wants to start it again from the beginning.
She will use the money from this loan to increase the capital to buy 200 bras. She has a dream to have her own place and stall.
About VisionFund IndonesiaVisionFund 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.
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