Welem has been operating a kiosk business since 2007, using his own capital; it is located about 500 meters from his house. At the moment, Welem is seeking capital assistance to initiate a new business that is producing toilets. He is requesting a loan from TLM amounting of IDR 7,500,000 to purchase materials such as cement and sand and also to add more kiosk stock, i.e., oil, sugar, snacks, instant noodles, etc. He believes that he can improve his income through the capital assistance provide by 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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Success!! The loan was 100% repaid