Rahmat is one of Ruma's micro enterpreneurs that has a small shop in Serang. Serang itself is about a one or one and half hour drive from Jakarta. In Serang, he is not only selling Ruma's prepaid cell phone airtime but also sells a couple of types of fertilizers. He is married and has one child.
By becoming a Loket Ruma agent, Rahmat is expecting to become a payment point. Meaning that he will be using the EDC machine to provide a bill payment service in his shop. He is hoping that people (old and new customers) will come to him to pay their motorcycle installments, electricity bills (prepaid and post-paid), land-line phone bills, and Internet bills. In the end he is hoping that by becoming a Loket Ruma agent, his business will expand.
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.