Mekobaun A1 Group
Matias leads a group called Mekobaun A1 Group; the group has 7 members. Matias is 34, married and has been blessed with 3 little children: Musa H. - 5 years old, Ibrahim H. - 3 years old and Alfred H. - 2 years old.
To fulfill his family’s daily needs, Matias works hard cultivating his farm. There are coconuts, bananas and beans and corn planted on the farm. He usually starts his day at 7.00 am and works until 12.00 pm; he returns home to have lunch and rest for 1 hour and then goes back to work until 05.00 pm. He usually takes public transport to sell his agricultural products at Oeba Market. It costs IDR 15,000 per return trip. By selling his agricultural products Matias is only able to generate small income of about IDR 50,000 to IDR 150,000 per week; it depends on which crops he can harvest from the farm. Even though Matias only generates a small income from his farm he always tries his best to supply his family needs every day.
Matias has a plan to renovate his house, to better meet his family needs and provide a better future for his children. For this reason, Matias is interested in joining the TLM Cattle Fattening Program. He is requesting a loan amounting IDR 3,400,000 to buy cattle to be fattened over a twelve month period. He hopes that he will be able to generate profit that can be used to buy building materials to renovate his house. The other group members of Mekobaun A1 are also requesting loans to buy cattle to be fattened. All of them hope to have a better life.
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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Success!! The loan was 100% repaid