Sambi Ternak Group
Update on Sambi Ternak GroupThe Sambi Ternak group is borrowing a new loan to purchase a superior quality piglets and feed and to repair cages. This pig business has been shown to supplement the family income.
Because Ketut, one member of the group, already has a sow, she will use this loan to buy two superior piglets for fattening and high-quality feed to help her pigs grow fast. She plans to save money to develop her business, for the family's daily needs are met by her husband. Her husband is very supportive of the efforts made by Ketut. She hopes that her plan runs smoothly so that she can become a successful pig breeder.
Previous Loan DetailsHaving succeeded with their previous loan, the Sambi Ternak group receives their new loan with an increase in loan size. Now most of the group members already have sows. They need this new loan to purchase feed and superior piglets, and to renovate the animals' cages. One group member, Ketut, ... More from Sambi Ternak Group's previous loan »
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.
Concurrent and Successive Loans
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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