Status update — January 31, 2020
Kiva and Rekan Usaha Mikro Anda (Ruma) have agreed to end their partnership after nearly 8 years and more than $840 thousand dollars in loans raised. Ruma was acquired by the Indonesian company, Gojek, and is no longer in need of Kiva funding. ​We thank Ruma for the years of collaboration and wish them success in their future endeavors.

Status update — November 7, 2017
PT Ruma and Kiva remain in good standing, however Kiva has moved this Lending Partner to inactive status, as they are not currently fundraising loans on Kiva and have no outstanding balance. PT Ruma has recently changed its overall strategy and is taking time to develop a new type of loan to be funded on Kiva. If and when this partner requests to fundraise again, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

Partner description
PT Ruma is a social enterprise based in Jakarta, Indonesia. PT Ruma’s provides economic opportunities for the poor by building technological solutions that foster entrepreneurship, community cohesion and local trust. PT Ruma’s borrowers are provided with a working capital loan, a standard mobile phone, an established brand, and marketing materials. Kiva loans provide these entrepreneurs with the start-up capital they need to purchase and begin selling these services.

A unique lending approach
PT Ruma provides entrepreneurs with micro-business packages that utilize mobile phones to send and receive funds. PT Ruma’s “business-in-a-box” model allows entrepreneurs to use their phones to sell prepaid mobile phone credit, process bill payments and provide a number of other financial services to people in their communities. PT Ruma’s borrowers have access to a universal balance of prepaid minutes that can be used on any of the 11 networks. PT Ruma enables its borrowers to offer bill payment services to their customers via Android phone technology. Borrowers can collect cash payments for bills then use their mobile phones to enter and receive payments.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2012 Oct 12, 2005
Total Loans $847,875 $1,958,454,115
Amount of raised Inactive loans $0 $196,930
Number of raised Inactive loans 0 171
Amount of Paying Back Loans $0 $161,031,645
Number of Paying Back Loans 0 188,514
Amount of Ended Loans $847,875 $1,768,236,180
Number of Ended Loans 1,359 2,370,020
Delinquency Rate 0.00% 12.22%
Amount in Arrears $0 $12,205,675
Outstanding Portfolio $0 $99,884,553
Number of Loans Delinquent 0 72,810
Default Rate 0.12% 1.83%
Amount of Ended Loans Defaulted $1,021 $32,298,216
Number of Ended Loans Defaulted 11 84,743
Currency Exchange Loss Rate 1.21% 0.50%
Amount of Currency Exchange Loss $10,220 $11,931,838
Refund Rate 0.18% 0.54%
Amount of Refunded Loans $1,500 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 41.76% 78.22%
Average Loan Size $625 $392
Average Individual Loan Size $625 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $5,200 $5,599
Average Loan Size / GDP per capita (PPP) 12.01% 7.00%
Average Time to Fund a Loan 15.89 days 8.93 days
Average Dollars Raised Per Day Per Loan $39.30 $43.87
  Average Loan Term 13.71 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 283 1,178,576
  Journaling Rate 19.28% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 40.00% PY 27.02% PY
  Profitability (return on assets) -62% 1.8% -3.10%
  Average Loan Size (% of per capita income) N/A 23.00% 0.00%

Country Fast Facts

Lending Partner Staff