Update on JuliusJulius is a 51-year-old man who lives with his wife Magdalena and six children. Julius is a farmer who harvests rice. In order to generate more regular income to supplement his quarterly rice harvests and meet his family needs, Julius plants vegetables such as mustard greens and string beans. He learned farming skills from his parents and every day he goes out on foot to the farm which is three kilometers away. The produce from his harvest he sells in the local traditional market.
Julius plans to buy a calf and seeds to plant more vegetables. He is therefore asking for an individual loan from TLM to the amount of IDR 4,500,000. He hopes that his investment will run well so he will be able to provide for his family and also repay the loan.
Previous Loan DetailsJulius is a 49-year-old man who is married to Magdalena, a 38-year-old lady. They have been blessed with six children: Yulinda, 18, who only graduated from Junior High School, helps her mother to weave; Imanuel, 17, is studying in the first grade of Senior High School; Brudel, 12, Sifrido, 11, an... More from Julius's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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- Repayment Term
- 38 months (Additional Information)
- Repayment Schedule
- Jun 18, 2013
- Jun 30, 2013
- Currency Exchange Loss:
- Apr 22, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.