Kerta Jaya Amerta Group
Update on Kerta Jaya Amerta GroupAfter six months of raising pigs, Ni Nengah sold two of her pigs and made a profit of 300.000 IDR per month. These results have been deducted from loans of 1.500.000 IDR to MUK. Together with her husband, who is a farmer, Ni Nengah was able to develop pig raising efforts so as to help the family income.
These results are certainly very useful for families and can help pay their children's school fees. Although the price of piglets as well as pig feed is currently expensive, Ni Nengah retains a passion for the business development of pigs with the group she leads.
After successfully repaying the previous loan, Ni Nengah and the Kerta Jaya Amerta group decided to continue the loan, and each gets 1.500.000 IDR. One member resigned from the group after she had enough profit from the sales. Now she has capital to run the business by herself. Ni Nengah is fully supported by her husband because her business is considered beneficial to the family economy.
Ni Nengah has two children. She plans to use this loan to buy superior piglets and her own capital to buy pig feed for six months. Ni Nengah is hoping to gain more profit than with the previous loan which only make a profit of 300.000 IDR per month.
Previous Loan DetailsWith only eight members, the Kerta Jaya Amerta group continues its lending. The loans and the pig breeder program from MUK have proven to increase for their life. They can have a loan without collateral and also training for better knowledge of the pig business. Ni Nengah is using her loans to… More from Kerta Jaya Amerta 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
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.
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Success!! The loan was 100% repaid