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Bernabas

Update on Bernabas

Bernabas is one of several TLM clients funded by Kiva lenders in August 2011 when he received a loan of IDR 3,000,000 to buy more fish to sell. Prior to getting the loan, Bernabas was only able to generate an income of between IDR 250,000 and 400,000 per day, but after securing the loan, he was able to generate a daily income of between IDR 400,000 and 600,000. With the improvement in his business, Barnabas was able to fully repay his loan in July 2012.



Barnabas has a desire to keep improving his business and is therefore requesting a loan of IDR 4,500,000 to buy more stocks of sardines and yellow fin tuna. He would also like to use part of the loan for his home renovation.

Previous Loan Details

Bernabas is a 38-year-old man who is married to Frederika. In their marriage, they have 2 lovely sons: Aryanto, 7, is in 1st grade at elementary school and Melani is 5 years old. Bernabas is a fishmonger. He sells tuna and sardines. Bernabas has been involved in this business for almost 13… More from Bernabas's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Indonesia

  • $4,458
    Average annual income
  • 54
    View loans »
    Indonesia Loans Fundraising
  • $4,477,325
    Funds lent in using Kiva
  • 9,560.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $475 helped Bernabas to buy more fish to sell, i.e., sardines and yellow fin tuna, and to renovate his house.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013