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Carlota is applying for a loan of $600 to improve her business. She is married and she has four children. She is running a business in front of her house, selling slippers, salt, sugar, coffee, milk, Coca-Cola, etc. She is making a good income from selling, and she wants to buy more stock with the loan. She is living a town near the main road, so many people come to buy and she makes sales every day.

Carlota has been running her business since 2005 with her own working capital. Her husband is a farmer. She is happy with this loan because TRM (Tuba Rai Metin) offers loans to poor people to improve their businesses and then their living conditions for the future. Carlota lives in a house that is very simple, and she has many animals like pigs, goats, sheep and chickens.

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
  • $2,575,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Carlota to buy slippers, salt, sugar, coffee, milk, Coca-Cola, Fanta, Sprite, 'sagiko', beer, cigarettes, water and bread.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 9, 2013
Aug 1, 2013
Currency Exchange Loss:
Dec 22, 2013