100%

funded

Total loan: $775

Sari Kencana Group

Melaya, Bali, Bali, Indonesia / Agriculture

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A loan helped to buy two piglets.


Sari Kencana Group's story

Until her first loan, Jro Nyoman (pictured with her hand raised) was the stay-at-home mother of two children. Her husband works as a laborer, and she herself grows food for the family in her garden. The family lives in the village of Sombang, located in the west part of Bali. As her children grew older, Jro Nyoman found that their increased needs required her to earn additional money to supplement the income provided by her husband. She therefore decided to start raising pigs in her yard. To start her new business, Jro Nyoman joined the other members of the Sari Kencana group in requesting a loan through MUK via Kiva lenders. The members bought piglets with their loan funds, and these investments brought them profits and new business capital to reinvest into their businesses. Jro Nyoman is now requesting a new loan in the amount of 1,000,000 IDR, which she will use to buy two piglets at 500,000 IDR each. After six months of maintenance, Jro Nyoman expects to see a profit amounting to 200,000 IDR per month. The profit from her new business is helping her to meet her family's needs. Most importantly, as her business flourishes, she will be able to continue to pay her children's school fees. This is particularly important to Jro Nyoman, because her goal is to successfully provide for a higher-level education for both her children.