Tunas Baru A Group
Both Stefanus and his wife work hard to fulfill their family needs. As a farmer, Stefanus leans upon his harvest to generate income for his family. In the rainy season, he usually plants corns, peanuts, cassavas, pumpkins, bananas and coconuts. And in the dry season, he usually plants some vegetables, onion, tomatoes and chilies. Then Stefanus and his wife will sell their harvest to the markets. The nearest market is situated about a 30-minute drive from their village. The road in Bokong Village where Stefanus lives is bumpy with many holes. It is hard for public transportation to serve this area in the rainy season; as a result the farmers in Bokong Village (including Stefanus) cannot bring their harvest to the market to be sold. The income that Stefanus generates by selling his harvest is unstable, that is one of the reasons why he is interested in the TLM cattle-fattening program. Stefanus plans to spend the profit of selling the fattened cattle to meet his daughter's education needs and to meet his family needs.
Stefanus is requesting a loan from Kiva's partner TLM amounting to Rp 3,200,000 to buy young cattle to be fattened over a 12-month period. Just the same as Stefanus, the other 14 members of this group are also requesting loans to buy cattle to be fattened. All of them have a dream to have better lives through their involvement in the cattle-fattening program.
Note: When the picture was taken, Marselina, Ribka and Lodia weren’t present.
About Tanaoba Lais ManekatThis loan is administered by Tanaoba Lais Manekat (TLM). TLM is a microfinance institution that seeks to improve the quality of life of poor communities in the province of Nusa Tenggara Timur in Indonesia. TLM has been operating since 1995 and, in addition to providing microloan and savings services, provides client training on financial management and entrepreneurship.
TLM’s head office is based in Kupang, West Timor, Indonesia. Kupang is the capital city of Nusa Tenggara Timur province in eastern Indonesia. Nusa Tenggara Timur is the province with the least favorable social and economic statistics of all the 33 Indonesian provinces.
Join our lending team TLM West Timor.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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