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Hayati
Hayati lives in North of Bogor, about two hours from Jakarta. Hayati manages a small shop selling snacks, drinks and mobile phone airtime credit. Hayati is married and lives with four persons in the family home. In the picture, Hayati is with her husband.

Hayati joined Ruma one month ago because she was interested in selling mobile phone airtime credits. With assistance and support from Ruma’s staff, Hayati sees improvements in her shop. For the last month, she has earned an average of $10 to $11 per day in mobile phone airtime credit sales.

She hopes to get a Kiva loan as working capital to process more transactions on the weekends. Her goal for her business is to expand 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.

Tags

About Indonesia

  • $4,458
    Average annual income
  • 100
    View loans »
    Indonesia Loans Fundraising
  • $5,000,100
    Funds lent in using Kiva
  • 11,394.4
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Hayati to process more mobile phone credit sales on the weekends.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 28, 2014
Listed
Mar 29, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2014