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Margarida
Margarida is applying for a loan of $1,200 from TRM (Tuba Rai Metin). She is 38 years old. She is running a kiosk in front of her house and she will use the loan to buy stocks to keep in her store such as paper, colored ink, rulers, scissors, and a copy machine. She is making good money from selling and she wants to apply for a bigger loan in the future. Margarida is living in a town near by the school. Her kiosk is located in a strategic place where many people, including students, come to buy.

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

  • $6,800
    Average annual income
  • 84
    View loans »
    Timor-Leste Loans Fundraising
  • $2,034,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Margarida to buy paper, colored ink, rulers, scissors, and a copy machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014