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Lusia
A loan of $1,000 is offered to Lusia to improve her business. She has a kiosk where many people come to shop every day. She will buy some additional supplies such as biscuits, noodles, sugar, coffee and other items.

She has been involved in business activities since 2013. She feels very comfortable running her business because she can earn money every day.

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

  • $6,800
    Average annual income
  • 80
    View loans »
    Timor-Leste Loans Fundraising
  • $2,020,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lusia to buy biscuits, noodles, sugar, coffee and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014