To make a living, Yosep sells various vegetables such as water spinach, squash, mustard greens, carrots, etc. at a traditional market. He started his vegetable business using the limited capital that he had.
Yosep recognized that the vegetable business does not always run well. He wishes to improve his business by selling other products such as tomatoes, chilies and other cooking spices in order to generate a better income. To do so, Yosep is requesting a loan amounting to IDR 4,500,000 from TLM to purchase new stocks to be sold.
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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