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Update on Eddy

Eddy runs a small stall where he sells snacks, drinks, cell phone accessories and mobile phone airtime credits. He is an entrepreneur with four persons living in his house. He joined Ruma with only $10 capital to do transactions about 10 months ago and still feels really excited to expand his business by selling mobile phone airtime credits and servicingng bill payments for the customers. For the last three months, he has around $ 2 - 25/day sales on average (just mobile phone airtime credit sales). As the business continues, he needs more working capital in order to be able to do transactions on weekends.

Previous Loan Details

Bapak (Mr.) Eddy owns a cellular shop and a small grocery stall in his neighborhood. In his modest shop, he sells Ruma’s airtime prepaid minutes, snacks (biscuits, fried crackers), drinks, candies, pens, pencils, and cigarettes. He is married and has four children. The age range of his children is… More from Eddy's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Indonesia

  • $4,458
    Average annual income
  • 59
    View loans »
    Indonesia Loans Fundraising
  • $4,478,300
    Funds lent in using Kiva
  • 9,691.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $225 helped Eddy to process more mobile phone credit sales and bill payment transactions.
96% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Mar 8, 2013
Mar 10, 2013
Currency Exchange Loss:
Oct 23, 2013
This photo was used before for a previous loan for Eddy. It was first posted on Kiva on Jun, 2012. Learn More