Tuba Rai Metin
Timor-Leste
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.
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
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | May 30, 2012 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $395,800 | $433,026,275 | |
| Amount of Raised Inactive Loans | $1,000 | $284,450 | |
| Number Of Raised Inactive Loans | 1 | 210 | |
| Amount of Paying Back Loans | $332,900 | $93,244,525 | |
| Number Of Paying Back Loans | 356 | 101,183 | |
| Amount of Ended Loans | $61,900 | $339,497,300 | |
| Number Of Ended Loans | 71 | 443,704 | |
| Delinquency Rate | 1.24% | 2.45% | |
| Amount In Arrears | $3,326 | $1,453,320 | |
| Outstanding Portfolio | $269,295 | $59,267,023 | |
| Number of Loans Delinquent | 19 | 10,917 | |
| Default Rate | 0.00% | 0.95% | |
| Amount of Ended Loans Defaulted | $0 | $3,227,945 | |
| Amount of Ended Loans | $61,900 | $339,497,300 | |
| Number Of Ended Loans Defaulted | 0 | 9,845 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,519 | |
| Refund Rate | 0.00% | 0.94% | |
| Amount of Refunded Loans | $0 | $4,075,975 | |
| Number Of Refunded Loans | 0 | 4,599 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 100.00% | 74.01% | |
|---|---|---|---|
| Average Loan Size | $859 | $408 | |
| Average Individual Loan Size | $911 | $646 | |
| Average Group Loan Size | $1,490 | $1,747 | |
| Average Number Of Entrepreneurs Per Group | 4.3 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $3,100 | $3,348 | |
| Average Loan Size / GDP Per Capita (PPP) | 27.70% | 12.18% | |
| Average Time To Fund A Loan | 3.18 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $270.10 | $87.08 | |
| Average Loan Term | 10.77 months | 9.63 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 15 | 208,452 | |
|---|---|---|---|
| Journaling Rate | 21.43% | 40.14% | |
| Average Number Of Comments Per Journal | 0.00 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.66 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 47.20% | 47.20% | 35.16% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 5.9% | 3.3% | -0.08% | |
| Average Loan Size (% of Per Capita Income) | 11.00% | 16.10% | 46.79% |
Country Fast Facts
Country Fast Facts- Country:
- Timor-Leste
- Capital:
- Dili
- Official Language:
- Tetum, Portuguese
- Population:
- 1,201,255
- Avg Annual Income:
- $3,100
- Labor Force:
- Agriculture: 64% Industry: 10% Services: 26%
- Population Below Poverty Line:
- 41%
- Literacy Rate:
- 58.6%
- Infant Mortality Rate (per 1000):
- 36.78 deaths
- Life Expectancy:
- 68.27 years years
Field Partner Staff
Mamadou Alliou DialloRick Beck
Gregorio Francisco
Romario Guterres
sandeep jain
Natalia Jaquelina do Rosario Ribeiro
Subhash Jindahl
Adao Sarmento
Angelo Soares