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Luciana
Luciana is applying for a loan of $600 from TRM (Tuba Rai Metin). She is 32 years old. She is runs a kiosk in her house, and she will use the loan to buy cold sweat ice cream, a refrigerator, and bread for her store. She is making good money from the business, and she wants to apply for a bigger loan in the future. Luciana lives in a town near the school; her kiosk is located in a strategic place where many people, including students, come to make purchases.

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
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,464,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Luciana to buy cold sweat ice cream, a refrigerator and bread for her home-based business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 22, 2013