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Laura, age 27, runs a kiosk business in front if her house to earn an income. She lives near the school in her town, so her kiosk is located in a strategic place where students and many other people come to buy.

Laura is applying for a loan in the amount of $600 from TubaRaiMetin. She will use her loan funds to replenish her store with such items as noodles, Fanta, Coca Cola, milk, oil, coffee, and sugar.

She makes good money from her sales and her enterprise is flourishing. She would like to apply for a bigger loan in the future to further support her business.

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 Laura to replenish her store with such items as noodles, Fanta, Coca Cola, milk, oil, coffee, and sugar.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 5, 2014
Feb 24, 2014
Currency Exchange Loss:
Nov 20, 2014