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.