Jahya has been raising catfish since 2008. Jahya initiated his business by raising 50 catfishes. At the moment, he has three fishponds and raises 1,000 catfishes. It takes three months to raise the fish before selling them to the customer. His wife and the children are also involved in looking after them.
Currently, Jahya really wants to enlarge his business by purchasing catfish seeds and building up the pond. Unfortunately, he does not have enough capital to go through with this plan. Jahya then went to TLM and applied a loan amounting 4,500,000 IDR (Indonesia rupiah). He would like to utilize the loan for 2,000 more catfish seeds and building materials to build one more pond. His expectation is that the business could grow smoothly and bring good advantages for his family.
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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