When he took over the business, Maxianus used his own capital to buy more coconuts. He can sell 50 coconuts per day. Recently, there were 100 coconuts sold. His business is improving now. Due to the Muslim people who will celebrate feast of Eid, he needs more coconuts for client demand but he does not have enough money to do so. Therefore, he requested an individual loan of IDR 3,000,000 from TLM. The loan will be spent on more stocks of coconuts.
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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