She will use the loan to buy stock to keep in her store such as fish, bread, books, water, coffee, sugar, salt, milks, eggs, cigarettes and body lotion. She is making good money from selling, and she wants to apply for a bigger loan in the future.
Hermelinda is living in a town nearby the school; her kiosk is located in a strategic place where many people come to buy, including students.
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 or to improve their living conditions.
Information about TRMTuba 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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
100View loans »
This loan has been fully funded!