Bapak Asep owns a small space consisting of a small grocery store and also a mobile phone shop. In his small grocery store he sells basic items such as rice, cooking oil, cleaning items, coffees, teas, breads and snacks. He lives in Bogor Barat, a city about 1-1.5 hour drive from Jakarta. The reason Bapak Asep wanted to become a Loket Ruma agent is so that he can generate more income for himself. The money will be used to actually pay guarantee the electronic data capture machine that will be used to create the payment transaction from the customer.
Loket Ruma is a new bill payment product that helps Ruma’s agents become payment points. The important thing about becoming a Loket Ruma agent is that Bapak Asep can serve his community. His customers can pay their monthly bills and needs through him, especially for electricity, water and motorcycle installments. A payment point is needed because to access banks and ATMs, the electricity hub, water company or post office is far. It will cost more money and is time consuming for people to go to there.
Bapak Asep really hopes that by becoming a Loket Ruma agent, his business will rapidly grow.
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.