Simon runs a kiosk business, which he started four years ago. He sells primary commodities such as sugar, coffee, bread, cooking oil, instant noodles, soap, detergent and assorted snacks and beverages. He operates his business from 7 a.m. to 7 p.m. His income depends on the number of customers during the day, with more customers meaning more income. Due to the unstable income generated from the kiosk business, Simon and his wife also farm onions to earn additional income.
Simon wants to add more stock, such as rice, kerosene, petrol and snacks, to his kiosk but he needs extra capital to do so. Therefore, he is requesting a loan of 5,000,000 IDR from TLM. He hopes his loan application will be approved.
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