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Kokosan Group
In this Group: Endang , Mardiastuti, Kuswantinah, Junasti, Sri, Surtini, Tuti, Sodiyah, Herlina, Samini, Sugiyanti
“ Kokosan group” was formed in March 2008. It has been running for 5 years 3 months. This group is located in a small town in Indonesia, specifically in the town of Cilacap. This group consists of 11 people, who have a variety of businesses. Businesses like: selling snacks, such as: dent, risoles, martabak sweet, fried soybean, tofu and steamed cakes for snacks; starting eateries; opening a grocery shop; selling clothes on credit. They support each other and complement each other. They visit the sick, while bringing financial support for treatment. This loan plan will be used to open their own shops, buy better means of production, add new types of food.

The group is led by a woman named Endang; she has five children who have completed their schooling. In fact they are already married and have children. Endang is the business leader and has a roadside food stall in the large city center. With this loan, Endang expects to rent some additional places for her food cart and add more types of vegetables or dishes that are preferred by the community. With these loans, Endang expects the businesses and the income of each of the “group Kokosan” members to improve as well.

Additional Information

About Yayasan Sosial Bina Sejahtera (YSBS)

Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.

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
  • 56
    View loans »
    Indonesia Loans Fundraising
  • $4,478,300
    Funds lent in using Kiva
  • 10,033.4
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kokosan Group's $4,250 loan helped a member to rent additional places for her food cart and add more types of vegetables.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 19, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014