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Agus
Agus lives in West Bandung, about three hours from Jakarta. Agus manages a small shop selling mobile accesories and mobile phone airtime credit. Agus is married and lives with five persons in the family house.

Agus joined Ruma one month ago because he finds it interesting to sell mobile phone airtime credits. With assistance and support from Ruma’s staff, Agus sees improvements in his`shop. For the last month, he earned an average of $55 -56 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 have more new business in the future

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.

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About Indonesia

  • $4,458
    Average annual income
  • 63
    View loans »
    Indonesia Loans Fundraising
  • $4,708,325
    Funds lent in using Kiva
  • 11,426.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Agus to process more mobile phone airtime credit transactions on weekends.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 12, 2014
Listed
Mar 13, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015