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Matilda
Matilda is applying for a loan of $1,200 from TRM (Tuba Rai Metin). She is 38 years old and married. She runs a kiosk in front of her house and she will use the loan to buy stock to keep in her store. This stock includes soft drinks (Fanta, Coca Cola, Sprite, Sagiko), alcoholic drinks (beer), cigarettes, sugar, coffee, salt, eggs, noodles, water, slippers, fish, biscuits, and rice. She is making good money from selling goods and she wants to apply for a larger loan in the future.

Matilda is living in a town nearby the school. Her kiosk is located in a strategic place where many people come to buy goods, including students. She has a very simple house because her husband was a farmer and had animals such as horses, buffaloes, and chickens.

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

Success!! The loan was 100% repaid

A loan of $1,200 helped Matilda to buy soft drinks (Fanta, Coca Cola, Sprite, Sagiko), alcoholic drinks (beer), cigarettes, sugar, coffee, salt, eggs, noodles, water, and slippers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014