Mar’ah runs a small stall which sells snacks, drinks, and mobile phone airtime credits. Mar’ah lives in Bogor, a peri-urban area about two hours from Jakarta. Mar’ah is married and living with four persons in the family home.
To increase the family income, Mar’ah 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 in selling mobile phone airtime credits and processing bill payments for customers. For the last three months, she has earned an average of $25/day in mobile phone airtime credit sales.
Mar’ah is starting to process electricity bill payments for her customers. This is a much-needed service in the area and will increase her income. To provide this new service, Mar’ah is required to print out receipts for customers. A Kiva loan will help her to purchase this printer, so she will be able to offer the new service.
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.