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Olandina
Olandina is applying for a loan of $800 from TRM (TubaRaiMetin). She is 40 years old, married, and she has two children. She is running a kiosk in front of her house. She will use the loan to buy stocks to keep in her store, such as noodles, coffee, sugar, salt, milk, eggs, fish, beer, Fanta, Sprite and water. She is making good money from selling, and she wants to apply for bigger loan in the future. Olandina is living in a town near the school; her kiosk is located in a strategic place, where many people come to buy, including students. Her husband is a farmer. She is happy with this loan because it is offered to poor people, and will help to 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
  • 15
    View loans »
    Timor-Leste Loans Fundraising
  • $1,552,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Olandina to buy stocks to keep in her store such as noodles, coffee, sugar, salt, milks, eggs, fish, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014