Anyar Sari 2 Group
Update on Anyar Sari 2 GroupThis is the Anyar Sari 2 Group. During the past six months, the group has succeeded in maintaining pigs. Ni Made is the group leader who is responsible for the group and their loan repayments. They have a field officer and are regularly visited by the vet to help the pigs grow well. Ni Made has three pigs to fatten and she is sold out. But the group is a bit disappointed because the price for pigs has been really low this month in their area. However, group members keep up their spirits to manage their businesses. Ni Made has not earned a profit recently but she continues her business with the full support of her husband.
Ni Made is requesting a loan to purchase two piglets, vitamins, and feed. The vet has suggested that she give her pigs more nutritious feed as well as vitamins. This will be the sixth loan for the Anyar Sari 2 group. All of the members can attend meetings and they hope this loan period will be better. Ni Made hopes she can earn more profit this time that she will use for savings.
Previous Loan DetailsAs agreed, the Anyar Sari 2 Group made their loan payment on time. During the loan period, they managed the pigs well. With the instructions from their Veterinarian, the group kept the pigs and gave them nutritious feed and vitamins. Ni Made sold her three piglets and earned a net profit of 1... More from Anyar Sari 2 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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