Ignasius runs a tire repair business and sells gasoline. He started the business 8 years ago by selling gasoline. As his income started to improve he then purchased a compressor and a billiard table.
Ignasius also sells rice to generate extra income. He is planning to buy more rice for resale. Due to his limited capital, Ignasius is seeking a loan of 10,000,000 IDR from Kiva partner TLM. He will use the loan to buy rice in large quantities. He hopes that his loan application will be approved by TLM.
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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