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Filomena
A $1,000 US loan has been offered to Filomena, to improve her business. She has a kiosk, where many people come to buy every day. She will buy some additional supplies, such as biscuits, noodles, sugar and coffee, and a refrigerator to keep drinks. She has been involving herself in business activities since 2009. She feels so comfortable to run her business because she can earn money every day.

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 $1,000 helped Filomena to buy some additional inventory, including biscuits, noodles, sugar and coffee, and a refrigerator for cooling drinks to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 9, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014