Check out some available loans that are similar to this one!
Modesta
Modesta is applying for a loan of $1200 to improve her business. She is single and is running a business in a market selling shirts, pants, short-sleeve and long-sleeve clothing. She is making a good income from selling and she wants to buy more stocks with the loan.

Modesta lives in a town near by the main road so many people come to buy and she is selling every day. Modesta opened her second-hand clothes business a year ago with her working capital of $600. She is happy with this loan because it is helping to improve her living condition for the future.

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.

Tags

About Timor-Leste

  • $3,100
    Average annual income
  • 3
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Modesta buy clothes to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 9, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014