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Arminda
Arminda is a 37-year-old married woman with five children. She has been involved in running a business since her parents passed away, because she has no one else to rely on. She took on the responsibility to earn money in order to survive, and she decided to open a kiosk.
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 flour, oil, soap and vegetables.
This is Arminda’s fourth loan from TRM. She has paid back her first three loans on time. She is a very reliable client.
Her kiosk is in a strategic place next to a private school and a main road; it helps her earn a better income. She wants to make her kiosk into a big shop 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
  • 17
    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 $1,500 helped Arminda to buy flour, oil, soap and vegetables.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 16, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013