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Elena
An USD 800 loan is offered to Elena to improve her business. She is married and she has two children. She has a kiosk where many people come to buy everyday. She will buy some additional supplies such as a refrigerator, beer, fanta, coca-cola, sprite, sagiko, eggs, noodles, cigarettes, milks and biscuits. She has been involved in business activities since 2010. She feels so comfortable running her business, because she can earn money everyday.

Running a business has made Elena independent because 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.

About Timor-Leste

  • $3,100
    Average annual income
  • 9
    View loans »
    Timor-Leste Loans Fundraising
  • $1,559,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Elena to buy a refrigerator, beer, soft drinks, sagiko, eggs, noodles, cigarettes, milks and biscuits.
66% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
N/A