She has a kiosk to generate income for her family. She has been thinking about how to run a big business, but she does not have enough working capital to do so.
She felt better when she applied for her first loan and she is now applying for her second loan, in the amount of USD 1,000. With the loan, Veronica will buy some additional supplies to keep in her store, such as gasoline and petrol.
She is happy with Tuba Rai Metin (TRM) which offers loans to poor people. She was very excited because TRM gives credit to those who cannot afford to run their businesses, but after getting credit from TRM, she is very proud.
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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