Defri has a plot of land where he cultivates vegetables such as pumpkin, water spinach, mustard greens, tomatoes, etc. Defri sells the vegetables at the market, which is located about 30 km away from his village. The vegetables business enables Defri to support his family. Even so, Defri still needs more capital to purchase more seeds and fertilizer.
To do so, Defri requested loan of IDR 10,000,000 from TLM. The loan would enable him to buy various vegetable seeds and the fertilizer. Defri is hoping that he can improve the business as well as to repay the loan to TLM.
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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