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Joaninha
Joaninha is a 35-year-old married woman who runs a kiosk to generate income for her family. She wanted to create a bigger business but did not have enough working capital. However, she has been feeling better since she applied for her first loan with Tuba Rai Metin (TRM) and she is now applying for her second loan of $1,000 USD. With this money, she will buy some additional supplies for her store such as soft drinks, oil, milk and biscuits. She is happy that TRM offers loans to poor people.

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

  • $6,800
    Average annual income
  • 179
    View loans »
    Timor-Leste Loans Fundraising
  • $1,888,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Joaninha to buy oil, milk, biscuits, noodles, sugar and coffee.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013