Besides working as a teacher, Otniel also spends his time after work cultivating land in order to generate more income for his family. He plants tomatoes, chili and onion. His wife assists him in cultivating the plants and sells them at the market. Otniel is sure that the more vegetables he plants, then the more income that he could generate. Unfortunately, he has very limited capital to do so. This situation led him to request a loan from TLM amounting to IDR 7,500,000. Otniel would like to spend the loan on various vegetable seeds and fertilizer. Otniel really hopes that he could improve the business through this loan assistance.
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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