She is running a business in her house selling noodles, cigarettes, sugar, coffee, fish, water, Fanta, Sprite, Sagiko, beer, slippers, books, eggs, and body lotion.
Alfonsina is applying for a loan of $1,000 to improve her business. She is making a good income from selling, and she wants to buy more stock with the loan.
She is living a town near 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 $ 600.
And, she is happy with this loan because it is offered to poor people to improve living conditions.
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 TRMTuba 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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Success!! The loan was 100% repaid