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Angela
Angela is applying for a loan of $1200 from TRM (Tuba Rai Metin). She is 23 years old. She runs a kiosk in front of a market, and she will use the loan to buy stocks to sell in her store, such as laundry detergent, bathing soaps, hand and body lotion, and other items.. She is making good money from selling and she wants to apply for a bigger loan 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
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,514,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Angela to buy laundry detergent, bathing soaps, hand and body lotion, and other items to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 21, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 19, 2014