Update on HaryantoHaryanto lives with his wife and their daughter in Indramayu, a small city located in the northeastern part of west Java. He runs a small stall that sells snacks, drinks, groceries, mobile phone airtime credits, and a utility bill payment service.
Haryanto began working with Ruma a month ago because he was interested to try selling mobile airtime and processing bill payments. Nowadays, he can process up to 75 transactions per day. As the business continues to grow, he hopes to get a working capital loan from Kiva to enable him processing more airtime sales on the weekends. This loan would help him in running the mobile airtime business and consequently supporting him plan to seek more business opportunities in the future. He thanks you for your support.
Previous Loan DetailsHaryanto runs a small stall selling mobile phone airtime credits and groceries. He has been running this stall for two years. Haryanto lives in Indramayu, a semi-urban area about six hours from Jakarta. Haryanto is married. To increase the family income, Haryanto also works as a dealer. He… More from Haryanto's previous loan »
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 RumaPT 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.
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Success!! The loan was 100% repaid