Update on RosidinRosidin lives in Bogor, a city located at a one-hour drive from Jakarta, the capital city.
Rosidin used his first loan from Kiva to process more transactions on mobile phone airtime credits, especially on weekends when sales are at the peak.
As his business continues to grow, Rosidin is taking another Kiva loan that he needs as working capital to process more transactions. He thanks you for your support.
Previous Loan DetailsRosidin runs a small stall which sells snacks, drinks and mobile phone airtime credits, and also services bill payments for customers. He is an entrepreneur and has three persons living in his house. Rosidin joined Ruma eight months ago because he wanted to increase his income. He feels really… More from Rosidin's previous loan »
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 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
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Dec 26, 2013
- Dec 26, 2013
- Currency Exchange Loss:
- Jul 19, 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.