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Fioleta
Fioleta is 35 years old and got married to a man who is working in a hospital. She has two children; the elder one is in school. She has a kiosk in front of her home to supply people in her village with basic goods. She will purchase additional supplies for her store with the loan, including sugar, candles, soap, and rice. A working capital of $350 helped her to start this kiosk in 2011. She wants to buy a piece of land to build a bigger house or to make her kiosk bigger in the future.

Additional Information

More information about this loan

This loan is part of TRM’s effort to reach microentrepreneurs in East Timor, a region suffering from a deeply underdeveloped financial sector. Since its independence in 2002, East Timor has struggled with internal tensions which led to the quasi disappearance of its financial system. As of 2012, TRM is one of only two MFIs operating in East Timor trying to respond to the needs of thousands of microentrepreneurs. This loan provides underserved borrowers with critical capital to sustain their existing businesses. 

Information about TRM

Tuba Rai Metin (TRM) is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. The organization provides credit, savings and micro-insurance services to more than 7,000 clients. Its goal is to extend its reach into even more remote regions through branchless banking services.

About Timor-Leste

  • $6,800
    Average annual income
  • 183
    View loans »
    Timor-Leste Loans Fundraising
  • $1,888,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fioleta to purchase additional supplies for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013