Helena, 58 years old. is a widow and the mother of 4 children: Bertha, 28; Mex, 26; Olvianus, 24; Novita, 18. The three oldest children are working and the youngest is in the third grade of senior high school. Helena relies on her husband’s pension to meet her family's needs but it is often insufficient. She therefore initiated a small business selling cakes and boiled corn at a school located near to her house. The little income generated from the business enables her to pay for her daughter's school expenses. Helena also operates a pig breeding business, but she doesn’t have enough money to provide pig feed, vitamins and vaccines. Therefore, she is requesting a loan of IDR 4,500,000 to pay for her business needs. Helena also plans to spend some of the money on her daughter’s school fees.
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.