Tunas Rahayu Group
Update on Tunas Rahayu GroupNoted as one of the oldest groups that has received venture capital loans from MUK, particularly for their pig program, spurring enthusiasm and hard work of all members of the Tunas Rahayu group to improve the outcomes of their efforts and wanting to be financially independent.
The Tunas Rahayu group succeeded to pay off their loan to MUK on time. They successfully bred their pigs and sold them with a satisfying price.
Ayu Komang, as the Treasure of the group, also earns a satisfied profit, and she saving it all for future needs. The bussines help her to increase the income of her family. She has a plan to borrow a new loan, to continue the bussines. Ayu Komang maintained three super quality pigs and they grew healthy and fat. She sold them for 3,100,000 IDR and earned a net profit of 1,750,000 IDR.
Because the price of pork is quite high, this time the loan is focused to buy superior piglets for fattening. Ayu Komang will use the loan to buy superior quality piglets. She hopes that after 6 months raising pigs, the ideal weight is reached, the price of pork remains high and she will get a lot of profit. Ayu Komang plans to keep all of income and use it as working capital.
When the loan was disbursed, the head of the group, Ni Putu, couldn’t attend the meeting because she had a religious ceremony at the Temple. The woman who raised her hand is the Treasurer of the group.
Previous Loan DetailsTo continue and to increase their businesses, the Tunas Rahayu group decided to borrow another loan. They asked for the same loan size. This loan will be used to purchase piglets and feed. Ni Putu, the head of the group, has two school-age children. She lives with her husband. Ni Putu used her ne... More from Tunas 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