Flamboyan Ii Group
Yunita, the new leader of this group, is very unusual with her youthful spirit. She is very excited to support the members to add any type of business. She has a snacks business selling arem-arem and Klepon. She also opened hawker stalls at a school near her house. The benefits of this loan from Kiva are very meaningful to Yunita's life because she still has two children whose education costs a lot. Yunita hopes that this loan can help her to add to the types of food she sells and increase the stall. Yunita also hopes this loan can improve the welfare of each member of the group and her family.
About Yayasan Sosial Bina Sejahtera (YSBS)Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
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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This loan has been fully funded!