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Victoria
Victoria is applying for a loan of $1,000 to improve her business. She is married and she is running a restaurant business in front of her house. She is living a town near the main road, so many people come to eat in her restaurant. She opened her business in 2002 with her own working capital of $500.

She is making a good income from her restaurant, and she is happy with this loan because it offers the opportunity for poor people to improve their living conditions 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

  • $3,100
    Average annual income
  • 2
    View loans »
    Timor-Leste Loans Fundraising
  • $1,552,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Victoria to buy fanta, beer, coca cola, sprite, plates and spoons.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 20, 2014