The challenge for Suyono in running the food stall business is the increasing price of meat in the market. With the capital that he currently has, the quantity of meat that he is able to buy is lower. In order to generate more income, Suyono is thinking to improve his business by selling fruit ice, but unfortunately Suyono does not have enough capital to do so.
He learned that TLM would like to help entrepreneurs like him. He is applying for a loan of IDR 4,500,000 from TLM to purchase a refrigerator to store the fruit, a blender and some wood to create a small table. Suyono hopes TLM will approve his loan application to improve his business.
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.
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