Nekaruut A Group
The group is led by Herman T., a 36-year-old married man with three adorable children: Astri T., 14, in the second grade of junior high school; Zamrud, 5, in kindergarten; and Maria, 1. Herman and his family have lived in Merbaun Village for years. As the head of his family, Herman is responsible for meeting their daily needs. Therefore, he has been working as a truck driver for 14 years, usually delivering sand and stones for his customers. The income that he earns from this work is unstable as it depends on orders from customers. Besides working as a truck driver, Herman cultivates banana and coconuts on his farm, but he is only able to sell these products every six months. By selling agricultural products, he can only generate a small amount of income. Herman realizes that his children are growing up and they will need more and more money, both for their education as well as their daily needs.
Herman needs to find another way to support his family. He saw that his neighbors had joined the Cattle Fattening Program of Kiva partner TLM and after several cycles of this program they were able to better provide for their families. He got information from a relative about the TLM Cattle Fattening Program, which assists poor farmers in West Timor by providing a loan to buy young cattle to be fattened over a 12-month period. Herman thinks this program is a good way to improve his family's standard of living. So after discussing it with his nearest neighbors, they decided to form a group, called Nekaruut A.
Herman is requesting a loan of 3,400,000 IDR to buy young cattle to be fattened over a 12-month period. The other group members are also requesting loans to buy young cattle to fatten, as they also want to provide a better life for their beloved families.
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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