Kucup Mekar Group
Update on Kucup Mekar GroupAfter undergoing a period of the eight loans, Ni Ketut and the Kucup Mekar group can repay their loans on time. During 6 months of maintaining pigs, Ni Ketut may enjoy satisfactory results.
From sales, Ni Ketut and the Kucup Mekar group using net gain of overall sales of pigs for children's education and for their families. The group hopes to continue their loans. They said thanks you to lenders, Kiva, and MUK for supporting their business.
Now Ni Ketut has a new activity in which, besides being the farmer in her garden, she also busies herself with raising pigs. In this way, Ni Ketut has a higher income than the time before she started raising pigs. The breeding process goes well without any obstacles. The advantage of raising pigs she use for everyday family needs.
In this period, four of the members decide to resign, because they succeeded in managing their profit and have saving and capital to continue the pig business by themselves. This is the main goal for every group. The member succeed and they can have savings and continue the business with their own money.
Now the four members become an example to other breeders. They manage the pigs and loans professionally and share their success stories to us and to other members.
Ni Ketut will use her portion of loan to purchase three piglets. She spends 30,000 IDR for electricity and 200,000 IDR for water a month.
Previous Loan DetailsNow the leader of the group, Ni Ketut, can attend the meetings. The Kucup Mekar group will use their new loan to support their pig business. Ni Ketut and her husband are hard workers, not only as farmers, but also as pig breeders. The loan will be used to purchase three piglets, each 300,000 ... More from Kucup Mekar 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
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Success!! The loan was 100% repaid