Ibu Yusrida is one of Ruma's RU (Rekan Usaha, or business partner) in North Bogor, West Java, Indonesia. She lives with her husband, Sidik, and two children ages 14 and 9. Ibu Yusrida and her husband own a warung (shop) that sells basic goods such as: rice, cooking oil, instant noodles, candies, soaps, shampoos, syrups, pulsa (prepaid mobile phone credits), and other items.
She's been a micro-entrepreneur for quite some time. Her husband and her see this opportunity to build and expand the business to become a payment point and get more customer that they can serve. She is expecting that people will come to her warung and pay their electricity bill, buy prepaid electricity credits, or pay motorcycle installments.
In the end, she really hopes that with this new business line she will grow the business and generate more income for the family, so the family's living standards could actually increase.
More information about this loan
Working capital loans enable credit-worthy borrowers to reach their full sales potential. Every agent maintains a balance of electronic credit with Ruma to process transactions. But if this balance is zero and no Ruma field officers are available to replenish it, an agent may miss out on sales. Working capital loans solve this problem by serving as a line of credit that agents can repay as needed during the loan term, ensuring that they don't lose potential income. PT Ruma will progressively disburse the amount posted on Kiva based on the agent's working capital needs, ensuring that no potential income is lost. By funding this loan, you are empowering urban and rural entrepreneurs.
About PT Ruma
PT Ruma's core business is not microfinance. Accordingly, there is some additional risk for lenders as this Field Partner expands its business model to include lending. Because PT Ruma’s business model differs from standard microfinance models, it is not assigned a risk rating on Kiva. Key risks and further information about making loans to borrowers through PT Ruma can be found on the organization’s partner page.