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Celuk Rahayu Group
In this Group: Ni Wayan, Ni Nengah, Ni Nengah, Ni Wayan, Ni Ketut, Ni Luh, Ni Made , Sayu Ketut, Ni Wayan
For housewives in Bali, maintaining pigs at home to support the family income, especially the husband's income, was a common thing for the Balinese people, especially those living in the village. This way of maintenance is still traditional. To improve abilities and knowledge, these ladies joined a group. In addition to exchanging information, they can also get loans even though they do not have collateral that can be pledged in banks or other financial institutions to obtain loans. With the pig breeder program from MUK, Ni Nengah and Celuk Rahayu Group members feel there is ease of retrieval, and their pig farming can be developed for the welfare of the family.

Ni Nengah is a 55-year-old housewife. To improve their ability in terms of raising pigs and get capital for businesses, she and other ladies of the area formed a group. Ni Nengah will use the loan to buy two piglets and feed. In a six-month period, the pigs will be ready for sale. The benefits of this effort will be used to support the family economy and set aside for saving.

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

  • $5,200
    Average annual income
  • 30
    View loans »
    Indonesia Loans Fundraising
  • $5,214,575
    Funds lent in using Kiva
  • 9,909.8
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Celuk Rahayu Group's $1,825 loan helped a member to buy two piglets and feed.
92% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 17, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014