Kertha Bakti Group
Update on Kertha Bakti GroupNi Luh is the head of the Kertha Bakti group, daily living as a pig farmer. She lives with her husband and 3 children. Ni Luh developed her pig business by borrowing 1,600,000 IDR from MUK. From the sale of 4 pigs during this period, Ni Luh managed to get a profit of 750,000 IDR. The gain is very helpful to the family's finances as they are currently experiencing difficult times due to the increasingly expensive necessities of life.
Ni Luh, with the Kertha Bakti group, decided to continue borrowing from MUK, due to their being especially helpful in developing their pig businesses. Because the price of pigs and pig feed is growing, Ni Luh expects an increase in borrowing in the next period.
She wants to increase her business by keeping local pigs for 'pigroll'. The 'pigs for pigroll' are usually only kept for two or three months and then sold. Ni Luh needs a new loan to purchase 4 local pigs and feed for them. Her husband supports her business by helping her to feed the pigs and clean the barn. Ni Luh saves her profit because she has a dream of renovating her kitchen.
One of the group members couldn’t attend the meeting because she just had a baby.
Previous Loan DetailsNi Luh feels very grateful. She is a member of the Kertha Bakti group loan. All of the members were able to attend a meeting to request a loan. The group has eight members who are all comfortable with their loan and who hope that MUK will support them until they have enough savings to increase th... More from Kertha Bakti 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
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Apr 15, 2014
- Apr 19, 2014
- Currency Exchange Loss:
- Nov 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.