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Clara
A USD 1,000 loan is offered to Clara to improve her business. She opened her kiosk in 2007 through her own work. She will use the loan to buy stocks to keep in her store like toothbrushes, soap, candles, soy sauce, soy sour, cards, books, pencils, noodles, cigarettes, salt, sugar, coffee, soft drinks (Fanta, Coca Cola, Sprite, Sagiko), hard drinks (beer), water, and eggs. She is generating a good income from selling. She has been thinking of running a big business after years of involving herself in doing business. She is living in a town with her family.

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.

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About Timor-Leste

  • $3,100
    Average annual income
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,514,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Clara to buy toothbrushes, soap, candles, soy sauce, soy sour, cards, books, pencils, noodles, cigarettes, salt, sugar, coffee, soft drinks (Fanta, Coca Cola, Sprite, Sagiko), hard drinks (beer), water, and eggs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014