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Lucia
Lucia is taking a loan of $1,500 to improve her business. She is running a kiosk to generate income for her family. Lucia opened her kiosk in 2011 with her own working capital of $700.

She will use the loan to buy stock to keep in her store, such as slippers, cigarettes, soft drinks (Coca-Cola, Sprite, Sagiko and Fanta), biscuits, and cooking oil.

Lucia 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

  • $3,100
    Average annual income
  • 56
    View loans »
    Timor-Leste Loans Fundraising
  • $1,664,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Lucia to buy slippers, cigarettes, soft drinks (Coca-Cola, Sprite, Sagiko and Fanta), biscuits, and cooking oil to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 9, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014