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Lucia
Lucia is 23 years old. She is getting married to a man who works for the government (government staff) and she has a child. She will purchase additional supplies for her store with the loan including sugar, coffee, soft drinks, hard drinks and rice.

She has enough land to cultivate banana, papaya and vegetables. She lives in a house made of bricks and zinc for the roof. She opened her kiosk in 2006 with her own capital of $500.00. She wants to open a big store and she wants to send her child to get a good education. She also wants to buy a car 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

  • $3,100
    Average annual income
  • 9
    View loans »
    Timor-Leste Loans Fundraising
  • $1,552,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lucia to buy sugar, coffee, soft drinks, hard drinks and rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 22, 2013