100%

funded

Total loan: $500

Armindo

Flag of Timor-Leste
Ainaro, Ainaro, Timor-Leste / Retail

Armindo's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy additional goods to stock up his store, in order to gain more customers and generate income for his loving family.


Armindo's story

Armindo has been involved in business activities since 2012. He has a general store, which he first started up with his own working capital. Running a small store is a very common activity in the zone, due to the lack of a supermarket.

Armindo's store is located close by his house. It is considered to be a very good spot to do this kind of business, because lots of customers live nearby and there are only a few competitors in the area.

Armindo previously borrowed a loan for his poultry farm and finished repaying all of his loan on time. Now he would like a loan of $500 through KIF, to help him improve his general store. He will use this loan to buy additional goods to stock up his store, in order to gain more customers and generate income for the loving family. As the result of the investment, he hopes to run a bigger business in the future and would like to thank all the lenders, for this opportunity.