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Martina
Martina is taking a loan of $1,200 to increase the inventory of her business. She runs a kiosk that helps her to generate income for her family. She will use the loan to buy stocks to keep in her store such as cigarettes, noodles, coffee, sugar, salt, eggs and fish. She opened her kiosk a year ago with her own working capital of $200. Martina is a hard working woman and she hopes to grow her business 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.

Tags

About Timor-Leste

  • $6,800
    Average annual income
  • 81
    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 $1,200 helped Martina to buy cigarettes, noodles, coffee, sugar, salt, eggs and fish.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 25, 2013
Listed
Nov 7, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014