Rezqy Jaya Group
Roswiyati is a mother (48 years old) of three children; two of whom are in college. Rosiwati’s husband is work in as private employees. Her mother-in-law still lives with her family.
Roswiyati runs a business from her house, selling cookies and cooked food. She started her business seven years ago. Her daily income can be 150,000 IDR . With this business, Roswiyati can supply her family needs and pay school fees for her children.
Roswiyati and the other members of the "Rezqy Jaya" group are requesting financial support from VisionFund Indonesia for the second time so they can increase their working capital. Roswiyati will use it to buy cookies she can sell during the Christmas season, and at the end of the year to welcome the new year.
She has a plan to send her children to school until they receive their bachelor's degrees, and get good spiritual knowledge.
About VisionFund IndonesiaVisionFund Indonesia is a Christian micro venture capital organization owned by Mitra Masyarakat Sejahtera (MMS) and Wahana Visi Indonesia. Founded in 2000, VFI operates in both Jakarta and Surabaya, the two biggest cities in Indonesia. VFI targets the entrepreneurial poor who have existing microbusinesses for at least 6 months and have no financial access to commercial banks. VFI also provides microinsurance for all clients through a partnership with Allianz insurance company. With nine branches as of 2011, VFI hopes to expand in order to reach underserved microfinance markets in other islands of Indonesia.
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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