Barokah Ciracas Group
Ani's husband is a driver and earns about 3,000,000 rupiah a month. This is just enough to meet the family’s needs. A major challenge that Ani is facing now in her business is the weather, and she often feels tired because of her busy schedule. She works from 10:00 a.m. to 9:00 p.m. at the store and takes care of her children at the same time. In addition, she works as an aerobic instructor on the side to add to the family income.
Ani hopes as she grows her business, she can hire an employee and purchase inventory in bulk to reduce costs. She hopes to send her children to Islamic school.
The woman in the middle in the video is Ani.
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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