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Carminda
Carminda is applying for a loan of $1000.00 to improve her business. She is married, she has four children, and this is her first loan. She will use the loan to buy items such as long sleeved and short sleeved shirts, trousers, and shorts.

Carminda opened her kiosk in 2010 with her own working capital of $600.00. She is earning a good income and she will use the income to support her family and improve their living conditions. She is happy with the loan because it will improve her 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.

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About Timor-Leste

  • $3,100
    Average annual income
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,514,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carminda to buy long sleeve and short sleeve shirts, trousers, and shorts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2013
Listed
Jan 7, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 20, 2014