Kornelis buys and sells produce such as tomatoes, bananas, etc. He sells his produce at the market at Oesapa that is around eight kilometers from his village. He travels a long way to many villages to buy his produce.
As a father of six children, he admits that he carries a great responsibility. Besides providing healthy food and other daily needs, he also has to provide for his children’s educational needs, especially that of his eldest daughter who is in the first level at senior high school.
The income generated from his business depends on the capital he has to buy his produce. That is the reason why no matter how hard Kornelis works, he still isn’t able to pay for all of his family’s needs. Due to increasing market prices, the price of produce is increasing as well, and it really affects Kornelis’ business.
Kornelis requested a loan from TLM after joining its small-group lending program. He started with 500,000 IDR and participated in their program for several cycles. The loans have been producing significant benefits. Each loan received has brought improvement to his business.
Nevertheless, Kornelis currently finds it impossible to rely on selling produce only. He now has a plan to raise pigs and chickens. In order to do so, he is requesting an individual loan amounting to 10,000,000 IDR from TLM. He hopes that he will receive that assistance.
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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Success!! The loan was 100% repaid