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Veonica
Veonica is applying for a loan of $800. She will use the loan to buy sugar, coffee, candles, slippers, and other items to sell. She opened her kiosk two years ago with a working capital of $250. She is a hard working woman; sometimes she is doing mobile business (based on the market day) and she brings her goods to sell in a few places. She is earning a good income and she happy to get the loan.

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
  • 76
    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 $800 helped Veonica to buy sugar, coffee, candles, slippers, and other items to sell.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015