Kembang Kertas Group
Update on Kembang Kertas GroupThe Kembang Kertas group received their new loan. The group had seven members and total loans of IDR 9.95 million. Each of them received about IDR 1.5 million. The loan was used to develop pig businesses where they lived.
Ni Nengah used her loans to purchase piglets and pig feed. She has a plan to sell them as a fattened pigs. Although the price for feed is quite high, Ni Nengah will handle that by giving the pigs a mixture of feed, made from various leaves and nutrious feed. She’s hoping that her plan will go well, and she can earn a satisfactory result.
She has a dream of becoming a piglets seller in her village. She’s also hopes she can vecome independent in terms of business capital. Now she will save all the profits to make all of her dreams come true.
Previous Loan DetailsWith only seven members left, the Kembang Kertas group continue to borrow loans to increase their businesses. They were motivated by their friend who has already succeeded to run a business by themselves. Ni Nengah used her loan to purchase piglets and feed. Being motivated by her friend, she ... More from Kembang Kertas 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
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Success!! The loan was 100% repaid