Update on Mawar GroupThe Mawar Group has been through several loans cycles, and the group has repaid their previous loans on time. They are still involved in fattening pigs and pig barbeque programs. They enjoy borrowing a loan from MUK, because they are in a group, get trained, and the loan does not need any collateral from the borrower. However, they are very responsible for the loan.
Ni Komang, the head of the group, sold her three pigs after managing them for five months. She was really happy with the result. The profits were used to make repayments and also for saving.
Ni Komang and the members of Mawar group are really thankful because they are still trusted to receive loans. The ten members all get the same loan amount.
Now Ni Komang has a sow. She will use the loan to purchase superior feed and renovate the cage. She hopes the piglets can grow fast and she plans to sell them after two months.
One member couldn't attend the meeting because she just had a baby and is staying at home.
Previous Loan DetailsPassing the 6 months of the loan period, the Mawar group can run the pig business well. The pigs grow healthy and fat. They give them nutritious feed and vitamins. The group also got a high price when they sold the pigs together to the big buyer. Most of them are satisfied with the result. Ni ... More from Mawar 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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