Kuncup Mekar Group
This group is led by a woman named Lulu. Her efforts in opening her catering services is growing, and her children can all go to school. Together with her husband, Lulu is trying to fill orders for food from the offices it serves. Her hope is that, with this cycle to three members and their business venture, her business can be much more developed. With this loan, Lulu will buy cookware and purchase an additional gas stove. Kuncup Mekar says thank you very much to lenders, may you always be blessed and given a better welfare.
About Yayasan Sosial Bina Sejahtera (YSBS)Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
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