Update on Jempiring GroupHaving succeeded in the previous period, the Jempiring group proceeded to the next loan. Based on the assessment of MUK, the group received 20 M IDR for group lending and the individual people received 2M IDR. Because most have been able to increase the number of pig populations, the current loan was used to buy feed and fix the cage. Ni Wayan used the loan to buy feed. Having succeeded in the previous period, the Jempiring group is proceeding to the next loan. Based on the assessment of MUK, the group received 20 M IDR for group lending and the individual people received 2M IDR. Because most have been able to increase the number of pig populations, the current loan was used to buy feed and fix the cage. Ni Wayan use the loan to buy feed because her sow gave birth to 10 piglets and to build new cages. She was very pleased with the effort that can be developed. She hopes to become a big pig-seller at her village and use all the profits to improve the welfare of her family and make her dream come true.and to build new cages. She was very pleased with the effort that can be developed. She hopes to become a big pig-seller at her village and use all the profits to improve the welfare of her family and make her dream come true.
Previous Loan DetailsThe Jempiring group is a new pig farmer group with 10 members that are requesting a loan in the amount of 20 million IDR. They joined together as a group to get funding and training from MUK. They received information about MUK and their pig groups from an existing group in another village. Ni W... More from Jempiring 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
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
88View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Oct 18, 2013
- Nov 11, 2013
- Currency Exchange Loss:
- May 18, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.