Arance runs a kiosk business, to assist her husband by generating more income for her family. She initiated the business using her own capital. Bath soap, detergent, stationery, cigarettes, candies and snacks are available at her kiosk.
Arance has just recently established a brand new kiosk, in a different area, alongside a highway. She needs to add more goods to the new kiosk, such as sugar, coffee, cooking oil, and kitchen equipment. Arance needs more money, in order to do so. Therefore, she requested a loan of IDR 10,000,000 from TLM. She really hopes that her business will run well, so she will be able 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.
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This loan has been fully funded!