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Enang

Update on Enang

Enang lives west of Bandung, about three hours from Jakarta. Enang manages a small shop selling snacks and mobile phone airtime credit. Enang is married.

Enang joined Ruma four months ago because he finds it interesting selling mobile phone airtime credits. With assistance and support from Ruma’s staff, Enang is seeing improvements in his shop. For the last three months, he has earned an average of $15 -16 per day in mobile phone airtime credit sales. He hopes to get a Kiva loan as working capital to process more transactions. His goal for his business is to expand and do more new business in the future.

Previous Loan Details

Enang lives in Bandung, about three hours from Jakarta. He manages a small shop selling groceries, snacks, drinks, and mobile phone airtime credit. Enang is married. Enang joined Ruma one month ago because he finds it interesting to sell mobile phone airtime credits. With assistance and suppor... More from Enang's previous loan »

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.

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.

Tags

About Indonesia

  • $5,200
    Average annual income
  • 93
    View loans »
    Indonesia Loans Fundraising
  • $5,142,500
    Funds lent in using Kiva
  • 11,245.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Enang to process more mobile phone credit sales on the weekends.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 11, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015
This photo was used before for a previous loan for Enang. It was first posted on Kiva on Sep, 2013. Learn More