Safudin sells ready-made wood for building material. He started the business two years ago. Prior to running this business, Safudin worked as a carpenter in a furniture workshop for three years. Equipped with skill and experience from his previous employer, Safudin initiated his own business using his savings. The income generated from the business depends on the amount of ready-made wood ordered by customers.
In running the business, Safudin sometimes faces challenges such as the increasing price of wood from the supplier and his limited amount of equipment. Based on this situation, Safudin requires a loan to improve his current business. He is requesting a loan of 5,000,000 IDR from TLM to purchase one cubic of timber, plane wood and a ripsaw. Safudin expects that TLM will approve his loan application.
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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Success!! The loan was 100% repaid