Eufracia lives in a town near by the school; her kiosk is located in a strategic place where many people come to buy, including students.
She is very happy with this loan because it helps poor people to improve their living conditions. She has a simple home, and also owns animals like a buffalo, a cow, and a pig. She also has a garden with plants, as well as corn, soy, and beans. Her husband is a teacher.
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