She is married with five children and lives in a town with her family. She opened her kiosk in 2000 with her own working capital of $100. She will use the loan to buy stock for her store like water, oils, Sagiko drinks, Fanta, Coca-Cola, soap, bread, cigarettes and slippers. Manuela is generating a good income from selling her things from the kiosk.
She is now thinking of running a big business after years of being involved in business.
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 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.
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Success!! The loan was 100% repaid