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Fernanda
A $1,000 loan is offered to Fernanda to improve her business. Fernanda opened her kiosk in 2005 with her own working capital. She will use the loan to buy stock to keep in her store like shoes and socks, children's shoes, shoes for women and men.

Fernanda is generating a good income from selling. She has been thinking of running a big business after years of doing business. Fernanda is living in a town with her family. Her husband is a teacher. She is happy with this loan because it can improve her living conditions.

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
  • 7
    View loans »
    Timor-Leste Loans Fundraising
  • $1,536,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fernanda to buy shoes and socks, children's shoes, and shoes for women and men.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014