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.

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 Field Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2012 Oct 12, 2005
Total Loans $832,425 $864,316,850
Amount of raised Inactive loans $0 $374,025
Number of raised Inactive loans 0 251
Amount of Paying Back Loans $185,625 $136,863,350
Number of Paying Back Loans 292 166,292
Amount of Ended Loans $646,800 $727,079,475
Number of Ended Loans 998 903,216
Delinquency Rate 0.00% 8.20%
Amount in Arrears $0 $7,292,571
Outstanding Portfolio $171,696 $88,930,050
Number of Loans Delinquent 0 22,215
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,621,530
Amount of Ended Loans $646,800 $727,079,475
Number of Ended Loans Defaulted 0 26,679
Currency Exchange Loss Rate 1.20% 0.43%
Amount of Currency Exchange Loss $10,009 $3,748,624
Refund Rate 0.18% 0.64%
Amount of Refunded Loans $1,500 $5,544,100
Number of Refunded Loans 1 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.55% 74.86%
Average Loan Size $646 $407
Average Individual Loan Size $646 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $5,200 $5,937
Average Loan Size / GDP per capita (PPP) 12.42% 6.86%
Average Time to Fund a Loan 16.5 days 6.9 days
Average Dollars Raised Per Day Per Loan $39.16 $59.06
  Average Loan Term 13.74 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 234 439,045
  Journaling Rate 19.16% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 40.00% PY 27.39% PY
  Profitability (return on assets) -55.4% 1.8% -0.64%
  Average Loan Size (% of per capita income) N/A 23.00% 19.18%

Country Fast Facts

Field Partner Staff

Citra Kerti Ananda
Ben Elberger
Rani Hanida
Aldi Haryopratomo
Adinda Khairina
Yudith Kristianti
Viny Kurniawan
Dita Oktavitasari
Aletta Septania
Abraham Suriadikusumah
Christin Viesta
Devy Widyaastuti