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Clementina
Clementina is taking a loan of 600 USD to improve her business. 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 water, cigarettes, coffee, milk, fish, bread, salt and shampoo. She opened her kiosk a year ago with her own working capital of $400. Clementina is a hard-working woman and she hopes to run a bigger business 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
  • 56
    View loans »
    Timor-Leste Loans Fundraising
  • $1,664,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Clementina to buy water, cigarettes, coffee, milk, fish, bread, salt and shampoo.
68% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A