Donny runs a used clothing business. He has been operating the business since 2002. Donny rented a small room in the market to display his products. He is assisted by his wife in running the business. He usually operates the business from 8 am to 5 pm.
Donny dreams of improving his business to enable him to generate more income for his family but he doesn’t have enough capital to do so. This is the reason that leads him to seek a loan from TLM. Donny got information from TLM’s field officer on the Individual Lending Program. He then submitted a loan application to TLM and requested a loan of IDR 5,000,000. He wants to spend the loan on used clothing to be sold. Donny hopes 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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