Tirta Kusuma Group
I Gusti Nyoman is a grandmother with three sons and five grandsons. She just resigned from her job as a public servant at a government institution. She encouraged the women and men in her village to have better life and gain knowledge by joining the pig program from MUK. To improve their ability in terms of raising pigs and getting capital for businesses, they formed a group. I Gusti Nyoman will use the loan to buy two piglets and feed. After a six-month loan period, pigs will be ready to sell. The benefits of this effort will be used to support her family's economy and have some money available for savings.
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.
This is a Group Loan
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Success!! The loan was 100% repaid