Due to weak economic conditions, I Putu has no paddy fields. He serves the rice processing property of others and will be paid after the harvest. Today he got a job to cultivate a paddy area of 3 hectares. It requires a capital of 10,000,000 IDR which will be used to hire tractors, buy seed and fertilizer and pay for labor. With the skills he has, I Putu is always able to deliver maximum results in every harvest and all of his customers are satisfied. With all the planning that he's done, I Putu is optimistic that the results will be obtained in accordance with the target.
I Putu has a dream to open a shop in front of his house.
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.
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Success!! The loan was 100% repaid