Funded

Total loan: $2,150
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Aris Setya Wiguna Group

Indonesia
Melaya, Bali, Indonesia / Furniture Making

A loan of $2,150 helped a member to buy teak wood and materials for furniture making projects.


Aris Setya Wiguna Group's story

Aris Setia Wiguna is a group who work at carving in the Balinese style. There are 10 members of the group, all of whom work as professional sculptors using teak wood as their primary raw material. In addition to teak, the group also uses sand. The teak wood is used to make doors, windows, temples etc, as well as for custom-ordered carved motifs. The Aris Setia Wiguna group is coordinated by the group chairman I. Putu R., secretary I. Made A. and treasurer I.Ketut S.. This group requested additional capital for business purposes in the amount of Rp.20.000.000. Capital is managed jointly for the purpose of business and is used to purchase raw materials such as teak wood, sand, cement and tools. The work is done according with the tasks assigned by the head of the group.

According to chairman Putu R., one set of doors and windows can sell for Rp.10.000.000 and the price could reach up to Rp.12.000.000. A net profit of between Rp.1.000.000 - Rp.2.000.000 can be made on this item. In addition to their weekly salary, each member also earns extra money after the project work is completed. This loan will help the workers meet their daily necessities of life.

In this group: I Putu , I Made , I Ketut , I Putu Nengah , I Ketut , I Ketut , I Gede , I Komang , I Nengah , I Ketut
*not pictured



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: January 28, 2010
Facilitated by Field Partner: Koperasi Mitra Usaha Kecil (MUK)

Lenders and lending teams



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: January 28, 2010
Facilitated by Field Partner: Koperasi Mitra Usaha Kecil (MUK)