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Amelia
Amelia is applying for a loan of $1000 to improve her business. She runs a business from her house by selling pants, clothes and shorts. She is married and has six children. She earns a good income from selling second-hand clothing and, with the loan, she wants to buy more stock.

Amelia lives in a town near the main road, so many people come to buy and she makes sales every day. She opened her second-hand shop a year ago with a working capital of $60.

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
  • 2
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Amelia to buy pants, clothes and shorts.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 26, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 19, 2014