Although Rebulon has his own plot of land to farm, he also buys crops such as coconuts, bananas, soursops, sweet potatoes and cassavas from other farmers and then resell them in the market. He has been involved in this business for almost 2 years. Previously, he sold only the crops from his farm.
As the father of 3 children, Rebulon works hard in order to fulfill his family's needs as well as pay for the educational cost for his children. His son Yalon needs much money while studying at the University, so Rebulon wants to increase his income from his business. Rebulon would like to purchase more agricultural products from other farmers in his village to increase his sales, but unfortunately he does not have enough capital to do so. Therefore, he is seeking for a loan to make his dream come true.
Rebulon met a TLM Field officer who introduced him to the TLM lending programs. Rebulon thinks that he should take this opportunity to improve his business for the future. He has requested a loan amounting to IDR 10,000,000 from TLM. He would like to spend the loan to buy crops such as bananas, coconuts, vegetables, etc. in large quantity. Rebulon is really expecting that TLM will approve his loan application.
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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