Magdalena owns a kiosk business selling nine daily basic needs items, cigarettes and some snacks. Her business has been running for four years. Magdalena operates the business to assist her husband in generating more income as her husband’s income as a farmer is insufficient to cover their daily living expenses.
Magdalene was thinking to try another business by raising chickens but she does not have money to do so. Fortunately, she met a Field Officer and got an explanation of TLM’s Individual Lending Program. She thought this is a good opportunity for her to initiate a new business. She then submitted the loan application to TLM and requesting a loan amounting to IDR 4,500,000 from TLM. She plans to spend the loan on chicks and feed for them. She is expecting that TLM will approve her loan application soon.
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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