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Sumber Bunga Group
In this Group: Wayan, Wayan, Wayan, Ketut, Ni Made, Kadek, Ni Kadek, Ni Nyoman, Nyoman, Nyoman
For housewives in Bali, it has become common to keep pigs at home to help support the family in addition to the husband's income. Apart from farming, they can help meet the needs of daily life by raising livestock, especially pigs. However, there are several obstacles in developing the business, including limited knowledge of business management and limited access to capital. To overcome these problems, the women pictured above decided to unite into one group so it would easier to communicate amongst themselves and obtain funding.

Wayan is head of the Sumber Bunga Group and runs a pig-breeding business. She has 3 children, 2 of whom work in the city. To increase her business, Wayan invited group members to participate in loan programs for small businesses from MUK. She will use her portion of the loan to buy three piglets and to buy feed. In 5 months, the pigs will be ready for sale. The income gained from this effort will be used entirely to support her family.

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.

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
  • 77
    View loans »
    Indonesia Loans Fundraising
  • $4,814,175
    Funds lent in using Kiva
  • 9,720.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Sumber Bunga Group's $1,050 loan helped a member to buy three piglets and to buy feed.
93% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013