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Joanina is taking a loan of $1,000.00 in order to improve her business. She is married and is running a kiosk that helps her to generate income for her family. She will use the loan to buy stock to keep in her store such as noodles, cigarettes, sugar, coffee, gasoline and biscuits. She opened her kiosk in 2011 with her own working capital of $200.00. Joanina is a hard working woman and she hopes to run a bigger business in the future. She is very happy that Kiva partner TRM (Tuba Rai Metin) offers loans for poor people. The loans have improved her living condition and attended for her child to find school. Her husband is a fisherman.

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 or to improve their living conditions. 

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

  • $6,800
    Average annual income
  • 0
    View loans »
    Timor-Leste Loans Fundraising
  • $2,573,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Joanina to buy noodles, cigarettes, sugar, coffee gasoline and biscuits.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 27, 2013
Currency Exchange Loss:
Dec 20, 2014