In order to support his business, Nikson would like to buy a water pump to help him in watering the farm. He would also like to plant more vegetables and therefore needs more capital to buy more seedlings and fertilizer. To implement his plan, Nikson is requesting a loan from TLM amounting to IDR 5,000,000. Nikson is hoping that the loan will help him in improving the 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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