Fuk has been selling fish since 2005 with a starting capital of 500,000 IDR (Indonesian rupiah). His monthly income depends on the seasons. Due to seasonal variations, the price for him to purchase fish has increased, and in turn, he is asking for a loan from TLM in amount of IDR 4,500,000. The loan will be used to buy fish and also to pay for his children’s school fees.
He hopes that his business will run well so he will be able to repay the loan and put his children through school.
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.
Join our lending team TLM West Timor.
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