Sari Makmur Group
Update on Sari Makmur GroupThe Sari Makmur group is requesting a loan in the same amount as their last loan. One member could not attend the meeting because of illness. Ni Ketut will use this loan to buy superior piglets and feed, and renovate the cage. She decided to choose the superior quality piglets because of the high price at which she can sell them later, and because it is easier to find a big buyer.
She hopes for her business to run smoothly and give her enough profit to support her economic needs, especially for her children's education.
Previous Loan DetailsThis is the sixth loan to the Sari Makmur group. They still need financial support for their businesses until they are able to continue business with their own capital. Every sale of pork they are saving to use as venture capital. The Sari Makmur group choose a new head, Ni Ketut. Ni Ketut will… More from Sari Makmur 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