Nofal lives in Serang, about two hours from Jakarta. Nofal manages a small shop selling mobile phone airtime credit. Nofal is married and living with her child and husband in the family home. Her child is just 2 1/2 years old.
Nofal joined Ruma 21 months ago because she believed joining with Ruma would be a great experience. With assistance and support from Ruma’s staff, Nofal sees improvements in her shop. For the last three months, she earned an average of $150 - 155 in mobile phone airtime credit sales. She hopes to get a Kiva loan as working capital to process more transactions. Her goal for her business is to expand to more new businesses in the future.
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.