Rasmah Rasmah


Status: Paid Back

$50.00   Loan Request
$50.00   Paid Back

About the Entrepreneur

Name: Rasmah Rasmah
Location: Tangerang, Indonesia
Activity: Food Production/Sales

About the Loan

Loan Amount: $50.00
Loan Use: Preparing and selling cooked food
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 4, 2007
Date Disbursed: Apr 18, 2007
Date Funded:Apr 4, 2007
Loan Ended:Feb 18, 2008

About the Country

Country:Indonesia
Avg Annual Income:$4,458.00
Currency:United States Dollars (USD)



Rasmah is a 46-year-old mother with 4 children. She has been selling cooked food such as fish, chicken, and vegetables for 4 years at her small shop. She very much needs to get a $50 loan to buy more goods, so that she can earn more income. She usually earns $10/day. Her husband, Mucing, has a tailoring business at the house. The income from the tailoring business is going down now, but it could rise in the festive season. She is willing to repay this loan within a period of 12 months.

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Lenders to this entrepreneur

Sandra
Pittsburgh, PA
United States



Journal entries for Rasmah Rasmah


Loan has been disbursed
 
Entrepreneur: Rasmah Rasmah
Location: Tangerang, Indonesia

Thank you for your loan. It has been disbursed to Rasmah Rasmah by Family Business Partners (MBK/Ganesha) in Indonesia. We are excited to watch this business grow. Over the next 12 - 18 months, Family Business Partners (MBK/Ganesha) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tangerang, Indonesia
Apr 18, 2007
Comment on this entry

Early Repayment of Loan
 
Entrepreneur: Rasmah Rasmah
Location: Tangerang, Indonesia

Dear Kiva Lender,

Kiva recently notified you that your loan to the business or businesses above was repaid. As a reminder, the funds from this repayment are available to you as Kiva Credit. You can re-lend this Kiva Credit to another business, withdraw it or donate to Kiva on our website: www.kiva.org.

Reason for early repayment:

All entrepreneur profiles on Kiva's website are posted by local Field Partners, which are organizations that lend to the poor for poverty alleviation. The role of a Field Partner is to screen each entrepreneur, upload his/her loan request on the Kiva website, and service the loan on behalf of Kiva and its lenders. This particular business was posted by our Indonesian Field Partner, Family Business Partners (MBK).

MBK recently chose to repay the outstanding balance of this loan using its own funds, as they are putting their partnership with Kiva on hold for the time being. This decision does not affect the entrepreneur who received this loan. In fact, the entrepreneur will continue to receive the benefits of the loan and repay the outstanding balance of the loan directly to MBK. In addition, as a client of MBK, the entrepreneur will qualify for subsequent loans from MBK upon completion of repayment. For more information about MBK's partnership with Kiva, please visit MBK's Partner Page on the Kiva website: http://www.kiva.org/about/aboutPartner?id=43.

Again, thank you for supporting the working poor in Indonesia, and I hope you will consider using your Kiva credit to lend to another worthy borrower on our site.

Sincerely,

Darren Miao

Microfinance Partnership Manager – East Asia & South Pacific Region


Posted by Darren Miao, Kiva Staff, from San Francisco, United States
Jun 19, 2008
Comments (6)

Kiva Help Repayment Schedule for Rasmah Rasmah

  Expected Repayments Actual Repayments Comments
July 2007 $4.17 $0.00 Repayment Received
August 2007 $4.17 $10.00 Repayment Received
September 2007 $4.17 $5.00 Repayment Received
October 2007 $4.17 $5.00 Repayment Received
November 2007 $4.17 $5.00 Repayment Received
December 2007 $4.17 $5.00 Repayment Received
January 2008 $4.17 $5.00 Repayment Received
February 2008 $4.17 $5.00 Repayment Received
March 2008 $4.17 $5.00 Repayment Received
April 2008 $4.17 $5.00 Repayment Received
May 2008 $4.17 $0.00 Repayment Received
June 2008 $4.13 $0.00 Repayment Received