Babi Rahayu Group
Update on Babi Rahayu GroupAfter a 6 month loan period, Ni Ketut and the Babi Rahayu group managed to pay off the loan. From the sales of piglets, Ni Ketut managed a profit of 250.000 IDR per month. This result is far from the previous expectation where Ni Ketut was hoping to make 400.000 IDR per month.
High feed prices and the low selling price for pork were the main factors that caused the drop in expected profits. But this did not dampen the spirit Ni Ketut to run her business. Ni Ketut along with other members of the group will return to borrow capital to shore up their businesses.
Ni Ketut has great hope for a better profit so as to assist her in improving the welfare of her family.
As a housewife who lives in the village, Ni Ketut is qualified to pursue the pig business. In order to help her husband to fulfill her family needs, Ni Ketut came back to MUK to borrow 1.500.000 IDR for her capital. Together with the Babi Rahayu group, Ni Ketut plans to use this loan to buy super quality feed for her piglets and sow.
Ni Ketut expects in the next 6 months that the price per kilo of pig will be rising while feed prices will be declining so that her profits will be better than the previous period.
Previous Loan DetailsThe Babi Rahayu group receives their new loan. The group expected an increased amount for the loan, but after an evaluation from MUK’s staff, the group still received the same loan amount. Ni Ketut is the head of the group. She already has two sows and she will use her portion of the loan to pur... More from Babi Rahayu 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