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Hulda
Hulda is requesting a loan of 1,000 USD from Tuba Rai Metin to improve her business. She makes rings, bangles, and earrings from turtle shells. She started to do this business in 2011 with her own working capital of 200 USD. She will use her loan to buy a knife, turtle shells and other materials. She is happy with the loan that is offered to her.

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

  • $3,100
    Average annual income
  • 5
    View loans »
    Timor-Leste Loans Fundraising
  • $1,508,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Hulda to buy a knife, turtle shells and other materials.
91% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 19, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
N/A