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Maria
Maria runs a kiosk, which she has been doing for three years. She opened the kiosk with her own working capital of $100. Maria is requesting a loan for $600, which she will use to purchase stock, such as slippers, cigarettes, and biscuits. Maria is a hard working woman and she hopes to run a bigger business 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

  • $6,800
    Average annual income
  • 91
    View loans »
    Timor-Leste Loans Fundraising
  • $2,052,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria to purchase slippers, cigarettes, and biscuits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014