Last updated May 31, 2012

Partner Description: 

Tuba Rai Metin (TRM) -- which translates to “stand firmly on the ground” -- is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. With 41% of the population living below the poverty line and 70% making less than USD$2.50 a day, the country is in dire need of stable banking. In fact, only about 13% of the population has regular access to financial services.

TRM launched in 2001 with support from Save the Children, but registered as a separate MFI in 2001 under Catholic Relief Services. Today, it provides financial products to poor rural and urban populations to improve their quality of life and empower women.

With a nationwide presence, TRM provides credit, savings accounts and micro-insurance to more than 7,000 clients -- all of whom are women -- through 11 branches and two field offices. Its goal is to extend its reach into even more remote regions through branchless banking services.

While it focuses primarily on supplying traditional microloans, it plans to expand into remittances, as well as non-financial offerings like agriculture and business development training, financial literacy classes and environmental services. TRM is also piloting an agricultural loan product that won’t require borrowers to repay until after the harvest.

The organization has received support and technical assistance from BASIX India and UNCDF and won the Silver Award for reporting on social parameters from the MIX Market.

TRM has faced and survived extreme challenges, including two consecutive civil wars in 2006 and 2007 that wiped out 13 other microfinance institutions.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 30, 2012 Oct 12, 2005
Total Loans $1,070,600 $575,708,700
Amount of raised Inactive loans $0 $290,425
Number of raised Inactive loans 0 271
Amount of Paying Back Loans $570,600 $119,727,775
Number of Paying Back Loans 643 125,910
Amount of Ended Loans $500,000 $455,690,500
Number of Ended Loans 538 580,665
Delinquency Rate 1.25% 3.38%
Amount in Arrears $4,125 $2,670,459
Outstanding Portfolio $328,800 $78,966,332
Number of loanDelinquent 20 11,306
Default Rate 0.62% 1.09%
Amount of Ended Loans Defaulted $3,075 $4,974,260
Amount of Ended Loans $500,000 $455,690,500
Number of Ended Loans Defaulted 8 15,329
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.07% 0.78%
Amount of Refunded Loans $800 $4,479,350
Number of Refunded Loans 1 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.23%
Average Loan Size $832 $419
Average Individual Loan Size $888 $656
Average Group Loan Size $1,623 $1,825
Average number of borrowers per group 4.5 8
Average GDP per capita (PPP) in local country $3,100 $3,440
Average Loan Size / GDP per capita (PPP) 26.85% 12.17%
Average Time to Fund a Loan 5.18 days 5.52 days
Average Dollars Raised Per Day Per Loan $160.82 $75.88
  Average Loan Term 11.67 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15 286,543
  Journaling Rate 2.72% 42.42%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.93

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 38.00% 35.00% 33.66%
  Profitability (return on assets) 4.1% 2.4% -1.40%
  Average Loan Size (% of per capita income) 11.00% 12.00% 41.35%

Country Fast Facts

Field Partner Staff

Mamadou Alliou Diallo
Mateus Dos Santos
Gregorio Francisco
sandeep jain
Natalia Jaquelina do Rosario Ribeiro
Subhash Jindahl
Adao Sarmento
Angelo Soares