Saefulloh is a married man who lives with his wife and his one-year-old son in Yogyakarta. Saefulloh’s wife is a fulltime housewife. Saefulloh works in a garment factory. To support his family, Saefulloh needs to find another source of income. Saefulloh joined Ruma a month ago and he decided to start out selling mobile airtime. As the business runs, he hopes to get a working capital loan from Kiva to enable him to process more airtime sales on the weekends. This loan would help him run his mobile airtime business and consequently support his plan to seek more business opportunities in the future. He thanks you for your support.
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.