Koperasi KASIH Indonesia (KKI) is a social business providing financial services to the poor, unbankable people, so they could achieve a prosperous life. Getting decent profit is a constraint to become a sustainable entity. Love is the foundation of KKI’s existence
KKI chose Cilincing as its 1st location. Cilincing is one of Jakarta’s poorest sub-district with ~19,000 poor households, majority of
which go to loan shark when needing a loan and charged 300-360%/year
KKI goes to the extra mile in helping poor people by providing not only loan and savings facility but also education and other supports. KKI has seen that education could improve the sustainability and magnify the impact brought by the loan, while other supports like daily needs purchasing will help clients to exit poverty faster. Most of other MFIs only give loan, as it is easier and cheaper to be done
Within 14 months since inception, KKI has been supporting more than 800 poor people, 97% of which lives with less than 2 USD/family members/day, 97% are women and 87% use the loan to expand or restart their business
Goals have been set: KKI aims to support ~2,000 clients by the end of 2012. Focus of the 1st year is to develop a solid and scalable approach
Last update: May 3rd, 2012
