Yohanis owns a business selling coconut oil. He has a rasping machine to facilitate the production of oil. He has been involved in this business for 14 years. Since he has a plot of land cultivated with coconut trees, he can produce 80 to 100 bottles of coconut oil every week and sell them at the market.
At the moment, Yohanis plans to buy a new rasping machine as the old one does not work well anymore. Therefore, Yohanis is seeking a loan amounting to IDR 10,000,000. He would like to buy a new rasping machine 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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