Kristofel has been working as a farmer for years. He cultivates a paddy, but only in the rainy season. In order to make more money for his family needs, Kristofel also catches fish and shrimp to resell to retailers. Kristofel plans to buy nets and to develop a large canoe for fishing.
Therefore, he has requested a loan from Tanaoba Lais Manekat Foundation (TLM), amounting of IDR 10,000,000. Kristofel is hoping that TLM will help him, through the loan assistance, to improve his 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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