Marga Indah Ternak Group
Update on Marga Indah Ternak GroupMarga Indah Ternak group is very grateful that they passed through the loan period with success. No problems were found raising their pigs. The pigs grew big and healthy and they sold them at a satisfactory price. Marga Indah Ternak members intend to continue borrowing with MUK because in addition to providing loans, MUK also provides training and a consulting veterinarian for free.
Ni Komang managed to sell the piglets for a satisfactory price. Her sow gave birth to 10 piglets, but 2 died. She earned 150.000 IDR profit per piglet. The advantage is that she saved to expand the business. She hopes that MUK will always accompany the group until all members can be independent.
To continue the effort and increase the number of pigs, the Marga Indah Ternak group took another loan for the same amount. These loans are used to purchase piglets, especially the superior species. The pig breeding business can help increase their family's income because of easy maintenance and can be used as additional work. Most of the members work as farmers. Two of the members couldn't attend the meeting because they had a religious ceremony at the temple.
They hope their efforts this time will be more advanced so they can save money and send their children through high levels of education.
Ni Komang used her portion of the loan to purchase feed only because now she has two sows and nine superior piglets. She will save all the profit to use later as capital.
Previous Loan DetailsBecoming one of the sources of family income, Ni Komang continues her loan to increase the pig business. With full support from her husband, Ni Komang will use her loan to purchase superior feed and also some chili seeds for her garden. The rainy season is the right time to plant chili and other ... More from Marga Indah Ternak 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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Success!! The loan was 100% repaid