James is the breadwinner of his family since the death of his father nine years ago. He is responsible for generating income for his family. Besides working in a private company, James is also running a rental room business to generate more income for his family. He has four old rooms that are constructed of palm branch walls, a zinc roof and a cement floor. The business is located 200 meters from his residence.
James is planning to renovate the rented rooms but he does not have enough money to do so. Therefore, he is seeking a loan amounting to IDR 10,000,000. Through the loan, James would like to purchase building materials such as zinc, cement and sand to repair the rented rooms. James is hoping that TLM will assist him with the loan.
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