Hendro usually purchases cattle at a local market and raises them for several months, then resells them to customers in another market.
Hendro is expecting that the business will enable him to generate more income for his family and to support his college fees.
Hendro intends to buy three more cattle to be raised, and he needs more money to do so. Therefore, he is requesting a loan of IDR 10,000,000 from TLM. The loan from TLM will support him in improving his business.
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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