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Elfrida
Elfrida runs a small stall selling snacks and mobile phone airtime credits. She lives in Serang, a semi-urban area about two hours from Jakarta. Elfrida is married and lives with four people in the family home.

Elfrida began working with Ruma two years ago, because she want to try a mobile airtime business. She feels really excited to expand her business selling mobile phone airtime credits and serving bill payments. For the last three months, she has had around $200 - $220 in sales on average (just mobile phone airtime credit sales). As the business runs, she hopes to get a Kiva loan as working capital in order to do more transactions on weekends.

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.

About Indonesia

  • $4,458
    Average annual income
  • 114
    View loans »
    Indonesia Loans Fundraising
  • $5,029,150
    Funds lent in using Kiva
  • 9,924.8
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Elfrida to process more mobile phone credit sales and bill payment transactions.
92% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 24, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014