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
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