x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Asia ( XML Feed )

Oct 13, 2016 6:13 EST

Timor-Leste: Joana – A loan of $600 helps to buy rice, beef, pork, fish, chicken, herbs, eggs, instant noodles, aqua, hard drinks and other materials for the restaurant.

iCrowdNewswire - Oct 13, 2016

Joana

Timor-Leste
 
Atsabe, Timor-Leste / Restaurant
 
Borrower image
 

Joana’s story

Joana lives in Atsabe and she is involved in the restaurant business. She lives near many people, so she had an idea to open a place where everybody could come and eat. She is earning a good income every day because many people come to eat in her restaurant, so she is very happy with her business. She is applying for a loan of $600 from KIF to improve her business. She wants to open a bigger restaurant in the future. She started her restaurant in 2010 with her own working capital of $1000. She is requesting this loan because she wants to buy more materials for the restaurant, such as rice, beef, pork, fish, chicken, herbs, eggs, instant noodles, aqua, hard drinks, etc. She hopes with this loan, her business can improve in the future. 

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 $600 helps to buy rice, beef, pork, fish, chicken, herbs, eggs, instant noodles, aqua, hard drinks and other materials for the restaurant.

Contact Information:

Joana

View Related News >
support