TRM Loan II

completed

IFC proposes to provide IFC A Loan to Tuba Rai Metin (“TRM” or the “Company”), a leading NGO micro finance institution (“NGO MFI”) in Timor-Leste or Kaebauk Investimentu No Finansa, SA (“KIF”) in case microfinance operations is transferred from TRM to KIF, which provides inclusive financial services primarily to poor rural Timorese women and small businesses. TRM’s mission is to provide Microfinance and allied services for large number of the poor in a sustainable and regulated manner to improve the quality of lives of families and empower women. TRM has 9,940 clients as of August 2015 with a strong gender focus with more than 90 % of the clients being women. TRM offers individual business loans targeting microenterprises and small businesses. These loans are collateral free with monthly repayments. In addition, it offers motorbike loans, agriculture loans (short-term and long-term) and house improvement loans.The proposed project aligns well with IFC’s strategy for Timor-Leste supporting the expansion and commercial transformation of TRM, providing inclusive financial services primarily to poor rural Timorese women and small businesses.