She will use the loan to buy some additional supplies to keep in her store such as cigarettes, sugar, coffee, salt, water biscuits, oil, sugar and slippers.
Rosita opened her kiosk in 2010 with her own working capital of $200. She is earning a good income and she will use the income to support her family and improve their living conditions. She is happy with this loan because it is offered to the poor people and to improve her living conditions.
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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