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Ruben

Update on Ruben

Ruben is making great progress in selling green technologies in his community. He is excited to educate his customers in the health and cost benefits of the solar lights.

Kopernik originally listed this loan with fixed monthly repayments however as actual sales are difficult to predict in advance, repayments were not being made at the fixed rate. This loan will be repaid as actual sales are made. He may even pay his loan off early!

Ruben hopes you can support him again.

Previous Loan Details

People see Ruben as a tenacious and honest young man. He works as a tutor for a church-based child centre. He uses his meagre salary to live and to support his elderly mother. Ruben wants to become an entrepreneur and earn extra income to further his education. Ruben has joined Kopernik’s Tec... More from Ruben's previous loan »

Additional Information

More information about this loan

This loan will help Kopernik to provide its network of independent re-sellers with inventory for simple, life-changing technologies, as opposed to cash or financial credit. Retailers will receive products such as water filters, solar lamps, efficient cookstoves, micro irrigation systems, corn shellers, milk pasteurizers, clean birth kits, infant warmers, mosquito nets and solar hearing aids.  

These retailers typically own pre-existing small businesses and wish to provide their communities with these technologies. They are responsible for repaying the cost of the products to Kopernik over the course of the loan term.

Kopernik will collect repayments from retailers each month based on their sales and this money will be returned to Kiva lenders. However, since actual sales are difficult to predict in advance, the repayment schedule on Kiva has been listed with only a single bullet repayment at the end of the term. This structure gives the retailers flexibility to repay on a schedule that works for their individual business needs.

About Kopernik:

Kopernik is a nonprofit organization that helps rural retailers in Indonesia sell simple, life-improving technologies to their communities. Founded in 2009, it connects technology makers with local partners in remote areas to address needs like clean water, electricity, food security and healthcare. Kiva funding will enable retailers to purchase more inventory at a better price, thereby increasing the distribution of life-improving technologies in rural communities.

Kopernik joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

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.

About Indonesia

  • $5,200
    Average annual income
  • 94
    View loans »
    Indonesia Loans Fundraising
  • $5,148,150
    Funds lent in using Kiva
  • 12,049.8
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Ruben to introduce simple, life-saving technologies such as solar lamps, water filters and clean cookstoves to his community.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 25, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2015
This photo was used before for a previous loan for Ruben. It was first posted on Kiva on Dec, 2013. Learn More