Anyar Sari 1 Group
Update on Anyar Sari 1 GroupAfter 6 months maintaining their pigs, the Anyar Sari 1 group successfully repaid all the loan. But, this loan period they earned only a little profit because the price per pig was low but the price for feed was high. But, luckily they not have a loss. Although they did not earn a satisfactory profit, they will still continue the business until they have enough saving to use as working capital to run the business by themselves.
To continue the business and to cover the price of feed, the Anyar Sari 1 women need a new loan to use to purchase super quality piglets and feed.
Ni Wayan will use her loan to purchase three superior piglets and the rest for feed. To reduce the cost of feed, she gives the piglets a traditional feed made from banana leaves. She hopes the price will be high again and she can earn a satisfactory profit.
One member had to resign because she had to follow her husband and move to another place to work there. She was replaced by a new member after that new member had approval by the other members.
Previous Loan DetailsNi Wayan feels very grateful. She and the Anyar Sari 1 group succeeded in making their payments. As they expected, all the pigs grew healthy and fat, and were sold out. They earned a satisfactory profit. The profits were used to fulfill their daily needs, school fees, and saving. In this new ... More from Anyar Sari 1 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