Herawati runs a small stall which sells mobile phone airtime credits. She lives in Cilegon, a semi-urban area about two hours from Jakarta. Herawati is married and lives with two persons in the family home.
Herawati began working with Ruma three months ago because she wanted to try a mobile airtime business. She feels really excited to expand her business of selling mobile phone airtime credits and servicing bill payments. For the last three months, she has had around $82-$85/day in sales on average (just mobile phone airtime credit sales).
As the business continues, she hopes to get a Kiva loan as working capital 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.