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Oct 12, 2016 8:15 PM ET

Archived: Timor-Leste: Jorge – A loan of $800 helps to buy books & school supplies for his wife.

iCrowdNewswire - Oct 12, 2016


Oe-cusse, Timor-Leste / Higher education costs
Borrower image

Jorge’s story

Jorge is 32 years old and is married with 2 children. He is working for an NGO (Non Government Organization) and his wife owns a small kiosk. His family works very hard to bring in income to support their day-to-day living, but it is difficult to support his wife’s education.

Jorge is asking for a loan of $800 from KIF to support his wife’s university education. His wife loves to learn and aspires to be a teacher someday. This loan will be used to buy books and school supplies to support his wife’s schooling. Jorge wants to provide the best life for his wife and wants to thank lenders for helping support his wife’s education.

This loan is special because:

It provides entrepreneurs in underserved communities with the means to grow their businesses. 

Vince Main
Kiva staff

More about this loan

This loan is part of KIF’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, KIF 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. 

About Kaebauk Investimentu no Finansas:

Kaebauk Investimentu No Finansas, SA 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.

A loan of $800 helps to buy books & school supplies for his wife.

Contact Information:


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