Oliftataf 44-B Group
Yerdi P. is 32 years old. He leads a group of eight farmers called Oliftataf 44-B in Riumata Village in the Kupang District of the East Nusa Tenggara Province. Just like many other communities living in rural areas, the community of Riumata Village also relies on agriculture for income to fulfill each family's needs.
Yerdi is married with two children. Ari is seven years old and attending the first grade of elementary school, and Natalia is five years old and in Kindergarten. To earn money, Yerdi usually sells his crops in the traditional markets. The nearest market is about 20 minutes drive from his village. The road in Riumata Village is bumpy with many holes and it's hard for public transportation to serve in this area in the rainy season.
Even though he has worked hard, Yerdi feels that his income is not enough to fulfill his family needs, and it is usually unstable. He really wants to provide nutritious food to his children because they are in a growth period and need adequate nutrition. He dreams of sending his children to the university so they will have a bright future. Not many children in this area are able to have a better education because of their parents' economic difficulties.
This situation drives Yerdi to increase his income with another business by joining the TLM Cattle Fattening Program. By joining the program, he will be able to earn a profit from selling fattened cattle. Yerdi is requesting a loan from TLM for IDR 3,400,000 to buy cattle to be fattened in 12 months. The other members of Oliftataf 44-B are also requesting loans to buy cattle to be fattened.
Note: Yunus A. and Anderias P. were replaced by their family members in the group picture.
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.
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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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