Giri Puteri Group
Update on Giri Puteri GroupRaising pigs is already a proven additional income for Ni Made and her entire family. This year her children will start school, and she cannot just rely on her husband's income. By working hard for 6 months, Ni Made achieved maximum results. All of her fattened pigs sold out for a high price. Now she can save the money in preparation for her children's school needs.
Ni Made and the Giri Puteri group decided to continue borrowing from MUK. They still need financial support until they have enough savings to use as venture capital. Ni Made is using a loan to purchase 4 superior piglets for fattening. She hopes this period can be as successful as before. She thanked MUK for the venture capital support and the training she received. MUK's support has improved her quality of life and as a woman she could be a proud contributor to the whole economy of the family. Ni Made is on the left wearing a red shirt.
Previous Loan DetailsPerancak village is quite far away from the city, so the pig business is in great demand in this village. Ni Made, who is a housewife with one child, also developed pig farming at her home. With the group loan amounting to 2M IDR per person, Ni Made plans to buy four piglets for fattening at a... More from Giri Puteri 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
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Success!! The loan was 100% repaid