Oliftataf 44-A is led by Fret P., a 46 year old man. Fret is married and has 4 children. The children are: Mayesti, who is 19 years old and studies at the university in Jakarta (supported by Fret’s relative); Randy, who is 13 years old and in the 1st year of Junior High School; Desy, who is 9 years old and in the 4th grade of Elementary School and Tomy, who is 7 years old and in the 1st grade of Elementary School.
Fret has a background as a poor farmer who usually sells his crops (bananas, coconuts and areca nuts) to meet his family's needs and to finance his children's education. His wife always helps him in supporting their family. Working as a farmer is challenging work. The main challenge for Fret and many other farmers in this area is the low price offered for the crops that they sell. As a result, he is only able to generate a small income from his crops. It is not easy for Fret, because he has to finance the education of three of his children. This situation and a hope for a better future for his children motivate Fret to find a way to increase his income. He then heard about the TLM Cattle Fattening Program and became interested in joining the program.
Together with 7 other farmers in Riumata Village, they formed a group to apply for a loan from TLM. Fret is requesting a loan amounting to IDR 3,500,000 to buy cattle to be fattened over a 12 month period. He hopes that this loan will help him improve his living standard. The other group members also have the same dream as Fret, which is to have a better life.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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