Sedana Yoga Group
Update on Sedana Yoga GroupTo improve their relationships and business progress, the Sedana Yoga group always exchanges information among members about the development of pig breeding. In group meetings, which are held once a month, they always exchange information so that they can raise pigs properly. The Sedana Yoga group has obtained this new larger loan. The members of the group are the same from the previous loan. The loan will be used for improving their pig businesses.
By maintaining pigs for pig barbeque (“babi guling” in Bahasa), Ni Nengah earns a satisfactory profit. The profit is set aside for business capital and saving. By raising pigs, Ni Nengah is able to boost the economy and help the family income for the welfare of her family. Ni Nengah will use her loan to purchase 2 superior piglets for fattening and feed and to renovate a cage. The piglets will be sold 5 months later. Her daily needs come from her husband. Her husband works as a farmer and he is really happy for that. He supports his wife’s business by maintaining the pigs with feeding and washing the cage every afternoon. Ni Nengah and her husband hope that both their pig business and farming activities will succeed.
Previous Loan DetailsThe Sedana Yoga group is located in the village of Baturiti, Tabanan, Bali. This area usually has very high rainfall and most of the members are farmers who plant various kinds of vegetables. In this dry season, a lot of the farm production is not optimal. Seeing this situation, the Sedana Yoga g... More from Sedana Yoga 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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