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Lourdes
Lourdes is 30 years old and she is now applying for a loan of $800.00 to improve her business. She is married and she has five children. She opened her rental house in 2000 with her own working capital of $100.00. She earns a good income from her business.

She will use her loan for items for her home repair, like stone, sand, cement and wood. She is a very hardworking woman and doing business has become her regular activity for the past 13 years. She wants to make her business bigger and 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.

Tags

About Timor-Leste

  • $3,100
    Average annual income
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Lourdes to buy items to repair her rental home, like stone, sand, cement and wood.
81% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
N/A