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Sedana Ayu Group
In this Group: Ni Nengah , Ni Made, Ni Wayan, Ni Nyoman, Ni Made, Ni Luh Putu

Update on Sedana Ayu Group

One month ago, Ni Nengah, the head of the Sedana Ayu Group, informed the six members to prepare for repayment of their 15.000.000 IDR loan.

Ni Nengah succeeded in selling two pigs for a price of 2.500.000 IDR, and the remaining one pig is to be sold in a few weeks. With the advantage of 750.000 IDR, she is very grateful to the acquisition and will use the profits to purchase a superior sow.

This is the fourth loan for the Sedana Ayu Group. After they make the repayment, the group hope to increase the loan size. They still need financial support for their businesses, until they are able to continue their businesses with their own capital. With every sale of pork, they save the profits to use as venture capital. After evaluation by MUK’s staff, the group received a higher loan size to increase their businesses.

Ni Nengah will use her loan portion to purchase local piglets. She plans to sell the piglets. Pig bolsters require easier care than superior pigs and faster sales. She hopes her new plan can be more successful.

Previous Loan Details

The Sedana Ayu Group receives their new loan with a change in composition of one member. One member resigned for several reasons. There’s a change in the loan size, with a total of six members, the group will receive IDR 15,000,000. Ni Nengah and her husband work as farmers as well as being pi... More from Sedana Ayu 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
  • 154
    View loans »
    Indonesia Loans Fundraising
  • $6,318,525
    Funds lent in using Kiva
  • 11,488.6
    Indonesia Rupiahs (IDR) = $1 USD