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Josefina
Josefina is taking a loan of USD 1000 to improve her business. She is married, and she has three children

She is running 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 plates, spoons, pots, ladles, rice racks, plate racks, and buckets. She opened her kiosk since 2008 with her own working capital of USD 600.

She is a hard-working woman, and she hopes to run a bigger business in the future.

And she is happy with this loan because TRM (Tuba Rai Metin) offered it for poor people to improving their living condition.

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
  • 56
    View loans »
    Timor-Leste Loans Fundraising
  • $1,664,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Josefina to buy plates, spoons, pots, ladles, rice racks, plate racks, and buckets.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 30, 2015