Tnaomat B2 Group
Tnaomat B2 is led by Olimpas B. - a 43-year-old farmer. He is married and has four children. They are married and live separate from Olimpas and his wife. Olimpas was born and grew up in Naiotel Village. In order to fulfill his family's daily needs, Olimpas works as a farmer. He has a big farm to plant vegetables, corn, beans, tomatoes and chilies but in the dry season, Olimpas faces difficulty in watering his plants. He has to walk for about 1 km to reach the river in order to fetch water.
In the dry season, people in this village, including Olimpas, usually generate income by digging manganese so they can support their families. They sell the manganese at IDR 1,100/ kg.
Olimpas starts to find manganese in the morning and works until the evening. He works as a manganese seeker in the dry season while waiting for the rainy season to cultivate his farm. Olimpas’s wife always stores up corn when it's harvest time because they usually consume it in the dry season when rice is expensive for them to buy.
Olimpas saw some people who live close to his house were able improve their lives by fattening cattle to be sold. They can renovate their houses and finance their children's school fees up to High School. Olimpas then was interested to join the Cattle Fattening Program as he wants to improve his family's lives. Olimpas formed a group which is called Tnaomat B Group. Olimpas is requesting a loan amounting to IDR 3,400,000 to buy calves to be fattened for 12 months. The other group members are also requesting a loan as they want to improve their living standard.
Note: When the group picture was taken, Benyamin and Atrianus were replaced by their family members.
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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