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Feri, that is how the community around his area calls him. He is a young man, in his early 20s, and he owns the high spirit to become an enterpreneur. He chose Ruma [Kiva's Field Partner] as his first step. He lives in the eastern part of Jakarta and currently owns an airtime business only. Even when it was still a small business, his shop was nice and clean. So people are interested to come to his shop.

Basically, he needs a loan that will help to expand his business to a higher level using a new product from Ruma. The name of the product is Loket Ruma. Loket Ruma is a bill payment service that will help people to pay their household (or sometimes their small businesses) bills using Ruma’s microenterpreneur. Loket Ruma uses electronic data capture to create the payment transactions. The money will be used by Feri to pay the guarantee deposit money to Ruma.

With this new product, his neighbors will be able to pay their monthly electricity bill, phone land lines bills and motorcycle installments through him. No need to be in line at the bank! In the future, he hopes that he will be a successful businessman, starting from what he has right now.

Additional Information

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.

About Indonesia

  • $5,200
    Average annual income
  • 31
    View loans »
    Indonesia Loans Fundraising
  • $5,208,100
    Funds lent in using Kiva
  • 9,487.7
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Feri to pay for a deposit on an electronic data capture (EDC) machine for his bill payment business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Jul 24, 2012
Jul 27, 2012
Currency Exchange Loss:
Mar 28, 2013