She is applying for a loan to buy some additional stock. She has a store that sells basic supplies such as coffee, sugar and vegetables.She opened her kiosk a long time ago. It is in the central market. She has got a lot of customers that come to buy her stock.
Simorina is a reliable client who has already received loans from TRM that she paid back on time. She makes a good income from her business and she wants to expand her business 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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Success!! The loan was 100% repaid