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Sari Indah Badung Group
In this Group: Ni Nyoman, Ni Nyoman, Ni Wayan, Ni Ketut, Ni Made, Ni Nengah, Ni Nengah, Ni Nengah, Ni Ketut, Ni Nyoman

Update on Sari Indah Badung Group

The Sari Indah Badung Group got a 25,000,000 IDR loan from MUK and the group paid off all of the loan on time. With 10 members still, the group decided to continue borrowing new loans to improve their businesses.

Ni Nyoman, as the head of the group, sold 3 of her pigs for 3,500,000 IDR, and she still has one left to sell later. After deducting all the costs, she earned a profit of 1,000,000 IDR. She feels so happy because all of her hard work, after maintaining the pigs for 5 months, gets a good result. She uses the profit she earns for daily needs and for saving for her family's future needs.

With no change in the number of members or loan size, when the Sari Indah Badung Group receives their new loan of 25,000,000 IDR, each member will receive 2,500,000 IDR. This loan is focused on purchasing superior piglets and feed for them.

With her loan, Ni Nyoman purchased 2 superior piglets for fattening and used the rest for feed. To reduce the cost, Ni Nyoman combines feeds to make a mixture feed. She hopes that in the next 5 months the progress of pig growth will be fast and she can sell at a high price. Her husband helps her business by providing traditional feed every day, such as banana leaf from his garden. With this business, Ni Nyoman hopes she can save her profits to renovate her kitchen.

Previous Loan Details

Sari Indah Badung group is getting their new loan from MUK. With 10 members, the total loan is 25,000,000 IDR. The loan will be used to buy piglets and repair cages. Ni Nyoman, the head of the group, is using her share of the loan to buy three piglets, pig feed, and to repair the cage. The pr... More from Sari Indah Badung Group's previous loan »

Additional Information

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

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Indonesia

  • $4,458
    Average annual income
  • 48
    View loans »
    Indonesia Loans Fundraising
  • $4,700,350
    Funds lent in using Kiva
  • 11,944.6
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sari Indah Badung Group's $2,100 loan helped a member to buy 2 superior piglets and pig feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 17, 2014
Listed
Jan 22, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014