Sari Madu Group
Update on Sari Madu GroupThis is the Sari Madu group located in Melaya, west Bali. After the last loan period, most of the members have a sow and breed for piglets. Breeding a sow needs more expertise to help the piglets grow well and healthy. That’s why they need a loan to purchase high quality feed and to renovate the pens.
Ni Luh sold all of her piglets and earned a satisfactory profit. She only needed to maintain them for two months. The profit was used to purchase a sow. Ni Luh and her husband plan to become piglet sellers. Ni Luh and all the member of Sari Madu said "thank you" for the loan and support they had. This program has proven to increase their standards of living.
The Sari Madu group has decided to continue their loans. Having sows now, they need a loan to purchase feed and to renovate the pens. Some of the members will also use the loan to purchase better piglets. They want to breed for more piglets. The business goes well, the sow births safely, and the piglets grow healthy.
Ni Luh will use her loan to purchase superior feed and to renovate the pen. She plans to sell the piglets outside her village in order to earn more income. She hopes her plan goes well. All of the members also expect the same. Ni Luh will use her profit to support her children's education and to support her family's daily needs.
Previous Loan DetailsNi Luh is a 26-year-old housewife who has been running a pig-breeding business since she married. She has a toddler, four years old. As the head of the Sari Madu group, she’s responsible for the group loan and payment. Now the 14 members are receiving their new loan, a total 22,5M IDR, 1,5M I... More from Sari Madu 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
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