Emilia is a 38 year-old mother of two children. Her husband works as a truck driver who delivers agriculture products from villages to downtown. The income generated from the business is often insufficient in meeting their household needs. Two years ago, Emilia initiated a kiosk business to help her with additional income. Emilia provides soft drinks, snacks, cigarettes, candies, etc. However, the limitation of capital has prevented her from selling more goods. After she heard about TLM, Emilia got interested and applied for an IDR 10,000,000 loan for her business improvement. Emilia would like to spend the loan on more goods, i.e,. instant noodles, sugar, rice, coffee, milk, shampoo, bath soap, etc. In addition, she also wants to buy building materials, i.e,. zinc, cement, sand, etc. to enlarge her kiosk building.
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.
A loan of $1,050 helped Emilia to buy more goods, i.e. instant noodles, sugar, rice, coffee, milk, shampoo, bath soap, etc, and also to buy building materials, i.e. zinc, cement, sand, etc. to enlarge her kiosk building.