Update on MadeMade feels very happy. She can make all her plans and dreams happen. She sold all the piglets at a satisfactory price and earned a profit. Now she can carry out her dreams of improving her kitchen, saving money and fulfilling the needs of her family.
Entering the new year, her children need new equipment for school. Each day, her children have to travel a distance of 6 km to go to school. So, Made needs to pay transportation costs in addition to the cost of books and other school needs. For that reason, Made decided to continue lending with the same loan amount. Currently, her sows have already given birth to 20 piglets and Made bought a new sow with her last profit. Now she has eight sows. Her loans are used only for the purchase of feed and vitamins. She wishes that her business will run smoothly and that she can meet the educational needs of her children.
Previous Loan DetailsSeeing that pig feed is becoming more expensive, Made decided to continue with this loan. She currently has 7 sows and will use the loan to buy a super-quality feed for 6 months. She will also buy vitamins to maintain the health of her sows and the piglets to be born. She expects that all pigl... More from Made'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.
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