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Beatriz
A $1,000 loan is offered to Beatriz to improve her business. She is making cakes and distributing them to the supermarkets. With the loan she will buy what she needs to make the cakes, such as flour, sugar, oil and other things.

She has been doing this business since 2001 with a working capital of $200. She is making a good income from distributing cakes to supermarkets. She lives in her simple house made of bricks, with zinc for the roof, and she hopes to run a bigger business and improve her living conditions in the future with her income.

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 Beatriz to buy flour, sugar, oil and other things to make cakes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013