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Obet
Obet (35) is a married man. He has a baby, namely Vensitiona (4 months), from his marriage to Sarmolina, a 32-year-old lady. Obet covers his family needs by running a tailoring business. He used to work with a senior tailor, but after becoming ready to work independently, Obet decided to resign and initiate his own business at home last year. The business was run with limited capital that he had, which resulted in a small income.

Incidentally, one of Obet’s relatives offered him a business place located at the edge of a main road. By having a new business place, Obet believes that he would be able to earn a bigger income as well as to reach more customers than before. To make his dream come true, Obet then applied for a loan from TLM amounting to IDR 3,000,000. This loan would enable him to pay the rental fee for the business place for 5 years.

Additional Information

About Tanaoba Lais Manekat

This 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.



Join our lending team TLM West Timor.

About Indonesia

  • $4,458
    Average annual income
  • 46
    View loans »
    Indonesia Loans Fundraising
  • $4,700,350
    Funds lent in using Kiva
  • 9,405.2
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Obet to pay the rental fee for the new business place for 5 years.
92% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014