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Opening a business is a struggle; sometimes you are up and sometimes you are down. This has been the experience of Jumrah who has a small kiosk business. Sometimes he has a lot of customers, but other times there are quiet moments. The variation has certainly affected the revenue of his business and directly affected his repayments on his loan; however, Jumrah is very responsible with his obligations and was able to repay his loan.

In order to increase his income, Jumrah is taking on new loans. He plans to open a new business which will be to grow corn in his garden. It is now the rainy season, the perfect time to plant corn. He will use his loan to purchase corn seed. The small kiosk business is still running, and he hopes that the income from the garden will earn him additional profit.

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.

About Indonesia

  • $5,200
    Average annual income
  • 25
    View loans »
    Indonesia Loans Fundraising
  • $6,137,150
    Funds lent in using Kiva
  • 11,602.6
    Indonesia Rupiahs (IDR) = $1 USD