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Francisca
Francisca is 35 years old and married. She has a kiosk to generate income for her family. She has been considering how to increase the size of her business, but she doesn't have enough working capital.

Francisca 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 such as fruits and vegetables. This will allow her to increase her profits. She is happy with the TRM (Tuba Rai Metin) program that offers loans to poor people.

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 Francisca to buy fruits and vegetables to sell in her kiosk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 26, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014