Update on RinaRina lives north of Bogor, a semi-urban area about two hours from Jakarta. Rina is married.
Rina began working with Ruma two years ago because she was interested in the income from selling mobile airtime. She feels really excited to expand her business in selling mobile phone airtime credits and servicing bill payments.
For the last three months, she has had around $47 - $48 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.
Previous Loan DetailsPreviously Rina ran a small businesses in a small stall. Rina lives in Bogor, a peri-urban area about one hour from Jakarta. Rina is single and living with six persons in the family home. Besides increasing the family income, 12 months ago Rina joined Ruma because she wanted to start expanding... More from Rina's previous loan »
More information about this loan
About PT RumaPT 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- At end of term
- Nov 20, 2013
- Dec 23, 2013
- Currency Exchange Loss:
- Apr 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.