Yosafat is running a business of selling cattle. Prior to selling the cattle, Yosafat raised them for one to three months in order to achieve a standard weight. Then he resells the cattle to the customers in the market. Yosafat has been engaged with the business since his childhood because of family tradition. The income generated from the business enables him to cover his family’s living expenditures.
Yosafat dreams of having more cattle to improve his income, which can guarantee his children’s education as well as meet his family's needs in the future. This is why he asked for a loan from Tanaoba Lais Manekat Foundation (TLM) of IDR 10,000,000. The loan will help him to purchase two more cattle to be fattened and resold.
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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