She has a kiosk in front of her house and is making a good income from it. She opened her kiosk 1 year ago with her own working capital of $ 300.
She is happy with TRM, who offered her a loan and she will continue to apply for loans after she finishes this one.
She will use the loan to buy some additional supplies to keep in her store, such as noodles, oil, slippers, candles, sugar, coffee and rice.
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 or to improve their living conditions.
Information about TRMTuba 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.
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Success!! The loan was 100% repaid