Update on WahyuWahyu runs a small stall which sells snacks, drinks, and mobile phone airtime credits. Wahyu lives in Bogor, a peri-urban area about two hours from Jakarta. Wahyu is married and living with six persons in the family home.
To increase the family income, Wahyu also works as a dealer. She joined Ruma twelve months ago because she wanted to increase her income. She feels really excited to expand her business of selling mobile phone airtime credits and processing bill payments for customers. For the last three months, she has been earning an average of $100/day in mobile phone airtime credit sales.
Wahyu is starting to process electricity bill payments for her customers, which is a much-needed service in the area and will increase her income. To provide this new service, Wahyu is required to print out receipts for customers. A Kiva loan will help her purchase this printer so she can offer the new service.
Previous Loan DetailsWahyu, who is usually called Ayu, runs a small stall which sells snacks, drinks, gas, groceries, etc. and mobile phone airtime credits. Recently, she has been working as a civil servant and has six persons living in her house. She joined Ruma a month ago because she wants to expand into other… More from Wahyu's previous loan »
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 RumaPT 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.
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- Repayment Term
- 49 months (Additional Information)
- Repayment Schedule
- May 5, 2013
- Jun 3, 2013
- Currency Exchange Loss:
- Dec 21, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.