Sumber Usaha Group
Update on Sumber Usaha GroupThe group finally made their payment to MUK on time. We heard many stories from the field. Most of them succeeded in breeding their pigs. The pigs grew well and were free from disease. They sold the pigs for a satisfactory price and the group earned some profit.
Ni Wayan is raising pigs to fatten. She sold the pigs after managing them for five months. She said thank you to all the lenders, Kiva and MUK for the support. Now she can improve her income and support her husband. Ni Wayan has a dream of renewing her house when she has enough profit to do that. That’s why she's saving now.
After successfully paying off the last loan, they proceeded to the next period with the purpose of improving their businesses. One member already successfully manages her pig business and is continuing with her own money, so she was replaced by a new member. Ni Wayan, head of the group, coordinated the purchase of piglets so that all members got good piglets. With the loan, she bought three of the local species of piglets for pig barbeque ("Babi Guling" in Bahasa), which are sold after two months. From the results of this effort, she hopes to buy floors for her home since the floors are still cement.
Previous Loan DetailsSumber Usaha group gets their new loan from MUK. Now there are 9 members, as one member resigned from the group because she move to another village, far away from her village now. (One member couldn’t attend the meeting because of illness.) The group's new loan request is 18M IDR. The loan will ... More from Sumber Usaha 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