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Ermelinda
Ermelinda is 43 years old and married. She has four children, and all of them are in the school. Her husband is a farmer. She has a kiosk in front of her home to supply the people in her village with basic goods. She will purchase additional supplies for her store with the loan, including noodles, candles, soft drinks, and alcoholic drinks. She opened her kiosk in 1999 with her own money. She lives in a simple house with four rooms, and the house is made of bricks and zinc. She wants to expand her business and pay for 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. 

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
  • 2
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ermelinda to purchase noodles, candles, soft drinks, and alcoholic drinks.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013