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Eugenia
A $600 loan is offered to Eugenia, to improve her business. She has a kiosk, where many people come to buy, every day. She will buy some additional supplies, such as noodles, Fanta, Coca-Cola, Sagiko drinks, Sprite, bread, fish, milk and beer. She has been involving herself in business activities since 2002. She feels so comfortable to run her business, because she can earn money every day.

Running a business has made Eugenia independent. She can be responsible for herself, and also help her family. 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
  • 17
    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 $600 helped Eugenia to buy supplies, such as noodles, beverages, bread, fish and milk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015