Frederikus and family live near a public swimming pool located in the downtown. He utilizes this opportunity to generate money for his family by renting out swimming equipment such as swimsuits, floats, swimming goggles etc. He started the business two years using his own capital, and it is doing well, especially during the weekend when many people go to the swimming pool.
Frederikus is requesting a loan of IDR 7,000,000 from TLM to add more equipment such as floats, swimsuits of various sizes and swimming goggles. He believes that the loan will be a great support for 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.
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Success!! The loan was 100% repaid