She will use her loan to buy some stock to keep in her store such as milk, noodles, sugar, salt, coffee, sugar, eggs, books, fish, body lotion, soft drinks and beer. She is a very hardworking woman and doing business has become her regular activity for the past 12 years. She wants to make her business bigger and improve her living conditions in the future. She is happy with this loan because it will be offered for the poor people in the future.
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