In this photo, Tini is on the left, and one of her customers is on the right.
Tini runs a small stall which sells snacks, drinks and mobile phone airtime credits, and also services bill payments for customers. Recently, she has been working as a kindergarten teacher. She has four persons living in her house.
Tini joined Ruma eight months ago because she wants to increase her income and is interested in expanding business opportunities by selling mobile phone airtime credits and servicing bill payments for customers.
For the last three months, she has had around $30-$60/day in sales on average (just mobile phone airtime credit sales). As the business continues, she needs a loan for more working capital in order to be able to do transactions on weekends.
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.