Update on AntoniAntoni runs a small stall where he sells snacks, groceries and mobile phone airtime credits. He lives in Cilegon, a semi-urban area about 2.5 hours from Jakarta. Antoni is single and living with five people in the family home.
Antoni began working with Ruma for approximately more than one year ago because he wanted to increase his income. He feels really excited to expand his business in selling mobile phone airtime credits and servicing bill payments.
As the business runs, he hopes to get a Kiva loan as working capital in order to do more transactions on weekends.
Previous Loan DetailsAntoni is single and living with three persons in the family home. He lives in Cilegon, a semi-urban area about two hours from Jakarta. Antoni runs a small stall that sells snacks, drinks and mobile phone airtime credits. Antoni began working with Ruma six months ago because he was intereste... More from Antoni's previous loan »
More information about this loan
About PT RumaPT Ruma provides entrepreneurs with micro-business packages that utilize mobile phones to send and receive funds. The organization creates employment opportunities for the poor by helping them become entrepreneurs through sales of telecom and bill pay services provided by PT Ruma. Kiva loans provide these entrepreneurs with the start-up capital they need to begin operating selling these services.
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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- At end of term
- Mar 25, 2014
- Jun 13, 2014
- Currency Exchange Loss:
- Sep 23, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.