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Pandan Wangi 2 Group
In this Group: Rosa, Saniah, Sri, Lika, Wiwi, Sri, Nurhasanah
Sri is 43 years old, married and the mother of two sons. Her husband is a seasoning mixer in a Japanese restaurant, but his income is not large enough to pay all of the family's expenses. Five years ago, Sri decided to help her husband by going into the business of selling clothes on credit. She sells school uniforms, jeans, blouses, and various kinds of veils. She runs her business from her house and sells to her neighbors. She hopes to earn enough money to repair her house. She earns 1,500,000 IDR per month in her current line of work, and one day hopes to open a fried-chicken business.

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
  • 86
    View loans »
    Indonesia Loans Fundraising
  • $5,148,150
    Funds lent in using Kiva
  • 9,740.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Pandan Wangi 2 Group's $1,650 loan helped a member to buy materials to repair her house.
96% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 10, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2013