However, after receiving information about Tuba Rai Metin, Teresa is very interested in requesting a loan of $1,000 to buy more needed items to keep in her store.
Teresa has two children to look after. None of her children are in school; they are all underage. Her husband is very helpful in her business because he is also a businessman. She lives in her simple house made of bricks and zinc for a roof. She wants to make her kiosk like a supermarket in the future.
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 TRMTuba 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.
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