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Carlota is 31 years old and married. She has five children, two of whom are in school. Her husband is a farmer. Carlota wants to buy pigs, goats and chickens with this loan. She started her business in 2011 with her own capital of $300.00. She lives in a house made of bricks and zinc for the roof. She wants to buy a bus in the future and support her children's education.

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 or to improve their living conditions. 

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
  • 85
    View loans »
    Timor-Leste Loans Fundraising
  • $2,219,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carlota to buy pigs, goats and chickens to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Aug 23, 2012
Currency Exchange Loss:
Jan 23, 2014