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Sonia
Sonia opened a kiosk in front of her house one year ago. She started the kiosk with her own working capital of $1,200. She is trying to look for ways to get more working capital to improve her business.

Now she is taking a loan from TRM (Tuba Rai Meting). She wants to buy additional supplies to keep in her store. She is a busy woman and she hopes, with the effort that she makes, that she will keep her business growing.

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
  • 5
    View loans »
    Timor-Leste Loans Fundraising
  • $1,508,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sonia to buy soft drinks, sugar, coffee, and rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 22, 2013