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Poh Gending Lestari Group
In this Group: Ni Nengah, Ni Nengah, Ni Made, Ni Nyoman, Ninik, Ni Nengah, Ni Wayan, Ni Made, Ni Wayan , Ni Nengah

Update on Poh Gending Lestari Group

The Poh Gending Permai group repaid their loan. The repayment was made by the head of the group, Ni Nengah, because most of the members work at the garden. During the loan period, all the members sold their pigs and earned a satisfactory profit. With the knowledge from the training they had, they can manage the pigs well now.

Ni Nengah sold all her pigs. With the profit she earned, she was able to save and renovate her kitchen, although not so much. But, she’s very happy and decided to borrow a new loan to increase her business. She said thanks to the lenders, Kiva and MUK for supporting her business.

Entering the fourth loan, the group received a larger loan amount. Most of the members of Poh Gending Lestari group have sows and local pigs for pig barbeque. The local pigs are sold every two months.

As the head, Ni Nengah set a good example for her friends. Now she plans to purchase super quality piglets. Besides the pig business, Ni Nengah has a small kiosk now and she will use part of the loan to purchase merchandise. She will sell the piglets after fattening. She’s really happy and thankfull to Kiva, MUK and the lenders for supporting her business and the group. Now she can add to her husband’s income to fullfill their daily needs.

Previous Loan Details

Poh Gending Lestari group, located in rural areas mostly, have farming businesses and raise livestock. One business is raising pigs. With the number of group members at 10, the group got a loan of 25,000,000 IDR. Ni Nengah, head of the group, tries to keep different types of pig. She already ... More from Poh Gending Lestari 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
  • 76
    View loans »
    Indonesia Loans Fundraising
  • $4,812,350
    Funds lent in using Kiva
  • 12,149.5
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Poh Gending Lestari Group's $2,475 loan helped a member to buy super quality piglets and merchandise for her kiosk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 23, 2014
Listed
Jan 26, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014