Intan I Group
The group members support each other and complement each other. If one member is ill, they will be raising funds to help offset the cost of treatment for the sick person. They will visit the sick person, while handling the fund. They will use this loan plan to buy wholesale, meaning better production because of increased business capital.
This group is led by a mother who is called Menik. She has three children who are still in school. Menik has a business selling clothes, bags, shoes and bed covers. With this loan, Menik has an additional hope to build her own store and add lots of the latest models of clothes and bags to be sold to the public.
These loans are also expected to increase the business and the income of each of the group members of Intan.
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.
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