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Elsa is applying for a loan of $ 1,000 from Tuba Rai Metin (TRM). She is 30 years old. She is running a kiosk in front of her house and she will use the loan to buy stocks to keep in her store such as soft drink, hard drink, salt, sugar, coffee, milk, slippers, water and biscuits. She is making good money from selling and she wants to apply for a bigger loan in the future.
Elsa is living in a town nearby a school; her kiosk is located in a strategic place where many people come to buy, including students. She is happy with this loan because it is offered for poor people to improve their 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.

About Timor-Leste

  • $3,100
    Average annual income
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,468,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Elsa to buy soft drink, hard drink, salt, sugar, coffee, milk, slippers and water.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2013
Aug 31, 2013
Currency Exchange Loss: