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Sari Mertha Group
In this Group: Ni Luh*, Ni Komang, Ni Ketut, Ni Nyoman, Komang, Kadek, Ni Kadek, Ni Luh, Ketut, Ni Ketut*, Ni Luh, Ni Made, Putu
* not pictured

Update on Sari Mertha Group

Ni Luh has succeeded in maintaining her pig business. During this loan period she had five pigs and all were sold. She spent 3,500,000 IDR for feed and she bought piglets with 1,500,000 IDR. Ni Luh has earned gross profits of 7,000,000 IDR, and after deducting all costs she has 2,000,000 IDR. She’s very grateful for the profits. She thanks MUK, KIVA and all of the lenders. For the next period, she’ll borrow again and buy new piglets. They expect to increase the loan size to buy more piglets and feed. To increase the business, the Sari Mertha group continues to borrow loans from MUK, and they request a bigger loan size. Each of the members receives 2,000,000 IDR. After succeeding with the last loan, Ni Luh wants to borrow a loan to purchase four superior piglets and sell them for fattening pigs. Now, the price for one superior piglet is 500,000 IDR. All the profits from this business will be saved, and she hopes the business will grow and she will become a successful pig breeder.

Previous Loan Details

Because the prices of feeds are high enough, the Sari Mertha group went on a loan with the same amount. At the time of disbursement of funds in the field, 2 members could not attend due to attending ceremony at the temple. Ni Luh, as the head, couldn't attend the meeting because she had a religio... More from Sari Mertha Group's previous loan »

Additional Information

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.

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.

About Indonesia

  • $5,200
    Average annual income
  • 87
    View loans »
    Indonesia Loans Fundraising
  • $5,738,675
    Funds lent in using Kiva
  • 11,435.5
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sari Mertha Group's $2,275 loan helped a member to purchase four superior piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Apr 10, 2014
Apr 17, 2014
Currency Exchange Loss:
Nov 17, 2014
This photo was used before for a previous loan for Sari Mertha Group. It was first posted on Kiva on Oct, 2013. Learn More