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Dino

Update on Dino

Dino, 38, is one of TLM's clients who were funded by KIVA lenders in October 2011. Dino received a loan of IDR 3,000,000 that was spent on minivan spare parts to replace the damaged one. Dino is grateful for receiving the loan as it enabled him to repair the minivan and generate more income for his family needs besides repaying the loan back to TLM.
Dino would like to replace the old minivan's engine with a new one in order to improve the work of the van. Therefore, he submitted his second loan application to TLM and requested IDR 3,000,000. Dino is hoping that the loan assistance would have a positive impact on his business.

Previous Loan Details

Dino has been running a minivan business since 1999. Prior to engaging in this business, Dino used to work as a minivan driver for three years. Dino spent his savings to purchase two used minivans to help him generate income. Dino usually operates his minivan business from 6 am to 7 pm. He also e... More from Dino'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

  • $5,200
    Average annual income
  • 85
    View loans »
    Indonesia Loans Fundraising
  • $5,148,150
    Funds lent in using Kiva
  • 9,650.0
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Dino to purchase a minivan engine.
96% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Dino. It was first posted on Kiva on Oct, 2011. Learn More