Maria operates the business in front of a high school. Her hospitality and kindness make the students happy to come over. Moreover, she sells meatballs, which are the students’ favorite food. She also provides cold beverages at her stall.
Maria is thinking of enlarging the business place, therefore she requested loan of 12,000,000 IDR (Indonesian rupiah) from TLM. She would like to use the loan to buy building materials and also to add more menu items, like “soto ayam” (made of cabbage mixed with noodles, boiled egg and chicken) and also “mie ayam,” commonly known as chicken noodle. Maria is hoping that she will be more successful in running the business.
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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