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Joaquina
Joaquina lives in a town which is very far from the capital. In the town where she lives, people are using motorbikes as public transportation to carry people from her place to another town. In 2010 she started to have an idea to run a small business by selling petrol next to the road. With a working capital of $250, Joaquina got a good income from her small business. Besides selling petrol she has many kinds of animals to look after such as pigs, chickens and cows. Joaquina is now applying for a loan of 800 USD from Tuba Rai Metin (TRM) and she is happy to apply for the loan because she can have more working capital to run her business.

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

  • $6,800
    Average annual income
  • 82
    View loans »
    Timor-Leste Loans Fundraising
  • $2,015,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Joaquina to buy petrol to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 30, 2015