Yuretha is a housewife; her husband is a mechanic who used to work in a repair shop. In 2002, her husband established his own home-based repair shop by using their own capital. Besides running her main task as a housewife, Yuretha assists her husband in managing the business. However, their business’ income is small, as the limitation of capital they have could not fully cover their household needs, particularly the educational fees of the children.
Therefore, Yuretha went to TLM and asked for an individual loan of IDR 4,500,000. This loan will help her to pay the educational fees of their children. She is hoping the business will be getting better and enable them to repay the loan to TLM.
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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