The first time he came, he worked as a laborer. After three years, he worked as a scavenger because the price for junk is very high. From this job, he can send money to his wife and children, who still live in Java. This business allowed Sahid to save and also buy a motorcycle.
Now Sahid has a new business. With his motorcycle, he travels to find junk and also sells handicrafts. He will use the loan to purchase more handicrafts to sell around the city. He hopes he can travel in wider areas and earn more profit.
He dreams he can buy a house and bring his family to live in Bali.
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.
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Success!! The loan was 100% repaid