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Aurelia
Aurelia is applying for a loan of $1,000 from TRM (TubaRaiMetin). She is 28 years old and married and has four children. She runs a kiosk in front of her house and she will use the loan to buy stock for her store such as soft drinks, beer, noodles, sugar, coffee, milk, salt, eggs, water, soap, and slippers. She is making good money from selling and she wants to apply for bigger loan in the future.

Aurelia is living in a town near the school; her kiosk is located in strategic place where many people come to buy, including students. She is happy for this loan that is offered to poor people to improve her living condition in 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

  • $6,800
    Average annual income
  • 72
    View loans »
    Timor-Leste Loans Fundraising
  • $2,015,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Aurelia tp buy soft drinks, beer, noodles, sugar, coffee, milk, salt, eggs, water, soap, and slippers to sell in her general store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014