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Luisa
Luisa is 30 years and married. She has a kiosk to generate income for her family.

She has been thinking how to run a big business, but she does not have enough working capital. She felt better when she applied for her first loan, and she is now applying for her second loan of USD 1,000.

She will buy additional stocks to keep in her store, such as noodles, body lotion, cigarettes, soft drinks, beer, biscuits, coffee, and sugar. She is happy that TRM (Tuba Rai Metin) offers loans to poor people.

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.

Tags

About Timor-Leste

  • $3,100
    Average annual income
  • 17
    View loans »
    Timor-Leste Loans Fundraising
  • $1,552,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luisa to buy noodles, body lotion, cigarettes, soft drinks, beer, biscuits, coffee, and sugar to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014