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Domingas
A $1,000 loan is offered to Domingas to improve her business. She is married with two children, and she 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 stocks to keep in her store like bread, noodles, oils, coffee, sugar, salt and cigarettes. Domingas is generating a good income from selling her things from the kiosk.

Domingas has been thinking of running a big business after years of involving herself in her kiosk. She is happy with this loan because it is offered to poor people and she can 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.

About Timor-Leste

  • $6,800
    Average annual income
  • 81
    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 $1,000 helped Domingas to buy bread, noodles, oils, coffee, sugar, salt and cigarettes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 30, 2015