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Filomena
Filomena lives on an island and most of her daily income is from selling fish and seaweed. Her husband is a fisherman. She is now applying for a loan of $1,000. She will use the loan to buy fish net and other materials for her husband to do his activities as a fisherman. Fish that her husband gets, she will bring to the market to sell.

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
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $1,464,050
    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 Filomena to buy fish net and other materials to catch fish.
83% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 19, 2014
Listed
Mar 7, 2014
Currency Exchange Loss:
N/A