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I Wayan
I Wayan,lives with his wife who works as a kindergarten teacher. He has two daughters in college. He has a grass-cutting business. Because his work satisfies his customers, he has a lot of customers. Now, he feels overwhelmed to serve all these customers.

For that reason, he needs a loan to buy a mower and the spare parts for it. He will hire an employee to help him. The price for one mower is around 3,000,000 IDR. He hopes that, with his new employee, his service will be more satisfying, all work can be completed on time and his income will increase. His staff person will be paid in accordance with the land he works on. All profits will be saved for retirement purposes.

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

  • $4,458
    Average annual income
  • 45
    View loans »
    Indonesia Loans Fundraising
  • $4,581,075
    Funds lent in using Kiva
  • 9,995.2
    Indonesia Rupiahs (IDR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $525 helped I Wayan to buy one mower and the spare parts for it.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
Possible