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Frangelina
Frangelina is taking a loan of $1000 (USD) from TRM (Tuba Rai Metin) for her business. She is married with one child and her husband works in motorcycle transportation. She has a clothing shop to generate income for her family. She wants to run a bigger business but does not have enough working capital so she applied for her first loan. She will use the loan to buy additional items to keep in her store such as clothes, shoes and bags. She is happy that TRM 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 Frangelina to buy clothes, shoes and bags.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 29, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2014