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Elisa
Elisa is now applying for a loan of $1,000 to improve her business. She opened her kiosk in 2009 with her own working capital of $600, and she earns a good income from her business.

She will use her loan to buy some stocks to keep in her store such as beer, eggs, noodles, fish, cigarettes, oils, body cream, shampoo and sugar. She is a very hardworking woman and doing business has been her regular activity for the past 5 years.

She wants to make her business bigger and 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.

About Timor-Leste

  • $3,100
    Average annual income
  • 3
    View loans »
    Timor-Leste Loans Fundraising
  • $1,583,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elisa to buy beer, eggs, noodles, fish, cigarettes, oils, body cream, shampoo and sugar.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2014
Listed
Jul 3, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015