Jaya lives in Bogor, a semi-urban area about an hour from Jakarta. Jaya is married and lives with four persons in the family home.
Jaya runs a small stall that sells mobile phone airtime credits. Jaya began working with Ruma 3 1/2 months ago because he wanted to try the mobile air time business. He feels really excited to expand his business in selling mobile phone airtime credits and serving bill payments.
For the last three months, he has made around $30 to $35 in sales on average (just mobile phone airtime credit sales). As the business runs, he hopes to get a Kiva loan as working capital loan in order to do more 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.