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Lolita
Lolita is applying for a loan of $1,000 to improve her business. She is running a business in her house by selling kitchen tools and plates. She is making a good income from selling kitchen tools and plates and wants to buy more stocks with the loan.

She is living in a town nearby the main road; so many people come to buy, and she is selling every day. She opened her kiosk a year ago with her working capital of $ 400.

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
  • 9
    View loans »
    Timor-Leste Loans Fundraising
  • $1,536,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lolita to buy kitchen tools and plates.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014