Kanaan A Group
Most of the community in Erbaun village relies on farming to generate income in order to meet their family's needs. But a part of the community, especially those living in coastal area, also try to dig sand to sell as the quality of sand in this village is quite good. This is another way for them to generate money.
Asin has been living in Erbaun Village since he was a child. Due to his parents' poverty, Asin was only able to have primary education. Consequently, he had to become a farmer because no other jobs were available to him.
Asin is a married to a 30 year old woman named Elkana. They have been blessed with two children. They are: Mesrin, 6 years old, in the first grade of elementary school, and Vivi, 4 years old and thus not at school yet.
Asin lives close to the coast. He and family live in a modest house, where the roof is made of palm leaves, the walls are composed of palm branches, the floor is mere dirt and there is no electricity. Asin likes farming better than digging sand as farming is his hobby. He usually sells bananas and coconuts at Inpres market in Kupang City once a week. His wife also helps him in generating money by selling their products. Even though both of them have worked hard to generate money, the income is only enough to meet their daily needs. They cannot save money. Asin and his wife are also challenged by competition in selling their goods.
This is the reason why Asin is interested in joining a cattle fattening program with the other group members. The availability of cattle food makes him even more enthusiastic about joining the program. He is requesting a loan amounting to IDR 3,300,000 to buy young cattle to be fattened for 12 months. He hopes that the cattle fattening program will enable him to cover all of his family needs. The other group members are also requesting a loan as they want to improve their standard of living.
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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