She will use the loan to buy stocks to keep in her store such as soap, noodles, coffee, sugar, salt, fish, milk, soft drinks (Coca Cola, Fanta, Sagiko, Sprite) and hard drinks (beer). She is making good money from her sales and she wants to apply for a bigger loan in the future.
Juleta is living in a town near the school; her kiosk is located in a strategic place where many people come to shop, including students. Her husband is driver. She is happy with this loan because the loan offered is for her to improve her living conditions for the future.
Juleta has animals like pigs, goats as an additional business.
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