A note to you as a Funder
- All loans originated by Koperasi Simpan Pinjam (Savings and Loans Cooperative) KUD Mintorogo are not non-performing loans; they have never been late in payments and have never been restructured. Thus, borrowers of these loans have a good credit record.
- Mintorogo will collect the loan installments and process the repayments to you.
- Mintorogo provides a 100% protection guarantee for the principal portion of the loan(s) you fund through MEKAR.
- MEKAR has carefully audited Mintorogo’s financial statements and performance.
About Koperasi Simpan Pinjam KUD Mintorogo
- The KUD Mintorogo Savings and Loans Cooperative was originally a business unit in the Village Unit Cooperative (KUD) Mintorogo, which was established in 1980 in Demak, Central Java.
- The cooperative was established as its own legal entity in July 2013.
- Mintorogo offers individual loans to borrowers in rural areas in Central Java. Only productive loans for specific purposes can be funded through MEKAR.
- Mintorogo, working together with the local administration, provides business coaching and training for its members who own micro and small businesses.
Koperasi Simpan Pinjam KUD Mintorogo in numbers
As of June 2019:
33.309 microcredit borrowers
IDR 159 billion in loans outstanding
2.59 % non-performing loans
17 branch offices
Coverage: Across Central Java, with offices in Demak, Jepara, Pati, Batang, Kudus, Semarang
Koperasi Simpan Pinjam KUD Mintorogo’s mission
- We do our work while maintaining a professional work ethic in our efforts to achieve business excellence so that we may earn abundant results, receive blessings on earth and obtain God’s grace.
- We are committed to providing the best service, delivered by our high quality human resources.
- We are focused on providing solutions for our members to help them achieve optimal target and promote their welfare.
- We have loyalty and honesty as a foundation for us to grow together and provide equal benefits to the cooperative’s management, members and business partners.