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Carlota
Carlota has requested a $600 loan to improve her business. She is married and has five children, four of whom attend school. Her fifth child is still too young to enroll. To help support her family, she went into business in 2011 with $150 in working capital. She will use this loan to buy various items to sell in her store such as chicken, beef, eggs and buckets. She is generating a good income from her work and is thinking of expanding her business. She lives in a town with her family, and is grateful for the financial support she is receiving because it gives her the chance to improve the living conditions of her family. Her husband works as a teacher.

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.

About Timor-Leste

  • $3,100
    Average annual income
  • 3
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Carlota to buy chicken, beef, eggs and buckets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 30, 2015