Oranci started a kiosk business in 2011 with her own capital. She sells a number of things at the local market, including soaps, detergents, instant noodles, snacks, soft drinks, and vegetables. However, she is now having difficulty taking care of her four children and thinks it best to move her business close to her house.
Oranci wants to increase the stock at her kiosk and to repair her house, but needs additional capital to do so. She is therefore asking for an individual loan from Tanaoba Lais Manekat (TLM) for 4,750,000 IDR. She hopes that the business will be a success so that she can repay her loan in a timely fashion.
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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