La Ace is a fisherman. He has a boat and usually goes fishing every week. He admits that the income generated from being a fisherman is sufficient but it is unstable when the weather is bad.
Recently, La Ace used his business capital to pay for his children’s schooling due to the start of the new school year. Therefore, he needs additional capital to support his operating costs including fuel, meals, water and small fish to be used for bait. Therefore, La Ace is requesting a loan of 3,000,000 IDR from TLM. He hopes that this loan will enable him to improve both his family life and 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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