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A $1000 loan is offered to Celeste to improve her business. She is married, and she has five children. She has a second-hand store where many people come to buy every day. She will buy some additional supplies such as long sleeve and short sleeve shirts, boys' clothes, and girls' clothes. She has been involving herself in business activities since 2005. She feels so comfortable running her business because she can earn money every day.

Running a business has made Celeste independent because she can be responsible for herself and also help her family. She hopes to run a bigger business in the future. Her husband is a farmer, and he also planted coffee trees around the house. In addition, he maintains two buffaloes, four pigs, and two chickens. She is happy with this loan because it is offered to poor people to improve her living condition in the future.

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 $1,000 helped Celeste to buy articles of clothing to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 5, 2013
Dec 16, 2013
Currency Exchange Loss:
Sep 17, 2014