Sufina felt better when she applied for her first loan, and is now applying for her second loan of 1,000 USD. With this loan, she will buy additional supplies to keep in her store including soft drinks (such as Coca-Cola, Fanta, Sprite, and Sagiko), beer, cigarettes, biscuits, noodles, water, fish, slippers, eggs, and body lotion. She is happy with TRM and the loans that it offers to poor people.
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 TRMTuba 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.
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Success!! The loan was 100% repaid