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Abdul
Abdul lives in Batu Ampar village near Pemuteran, in the north of Bali. He works as a fish seller together with his wife. He purchases fish from the fisherman at the beach and then sells the fish at the market or to other big buyers. Now he needs a loan to purchase more fish because he has more customers waiting. He hopes he can improve his business. He has a dream to buy a car with the profit he earns. With the car he can more easily transport the fish. Now he uses his motorcycle. Abdul also has a side job as a Dive Master (scuba diver) for tourism. He does the job after he is finished selling the fish or when there’s no fish from the fisherman.

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.

About Indonesia

  • $5,200
    Average annual income
  • 24
    View loans »
    Indonesia Loans Fundraising
  • $5,199,250
    Funds lent in using Kiva
  • 9,715.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Abdul to purchase more fish from the fishermen on the beach.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014