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Nyuh Gading Group
In this Group: Ni Ketut, Kadek, Kadek, Ketut, Wayan, Luh

Update on Nyuh Gading Group

After one loan period, Kadek can repay her loan on time. During six months of keeping pigs, she enjoyed satisfactory results. From her pig sales, Kadek is using her profits for her children's education and for her family. The group hopes to continue their loans in the second period. They said thanks to you lenders, Kiva, and MUK for supporting their businesses.

Now Kadek has a new activity - in addition to farming in her garden, she has also busied herself with raising pigs. In this way, Kadek has a higher income than before she began raising pigs. The breeding process is going well without any obstacles. The advantage of raising pigs is she can use them for her family's everyday needs.

Having succeeded in the previous loan period, the Nyuh Gading group is proceeding to its next loan. Based on the assessment of MUK, the group received 9,000,000 IDR for group lending and individuals each received 1,500,000 IDR. Because most have been able to increase the number of pigs they have, the current loan will be used to buy food and fix cages. Kadek will use her loan portion to buy superior feed and build new cages. She already has four sows. Kadek is very happy and she hopes to become a big pig seller in her village, using all the profits to improve the welfare of her family and make her dreams come true.

Previous Loan Details

The Nyuh Gading group, composed of 7 members, repaid their previous loan of 10,500,000 IDR to MUK on time. One of the members resigned because she successfully sold her pigs and earned enough profit to continue the business by herself. The group decided not to find a replacement member. In thi... More from Nyuh Gading 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
  • 77
    View loans »
    Indonesia Loans Fundraising
  • $6,318,525
    Funds lent in using Kiva
  • 11,688.6
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyuh Gading Group's $775 loan helped a member to buy superior feed and build new cages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Aug 18, 2014
Aug 29, 2014
Currency Exchange Loss:
Mar 17, 2015