Kornelis sells retail gasoline near the only market in his village.
The gasoline business is the only income source for his family. Due to limited income generated from the business, sometimes Kornelis faces difficulty in meeting his family's daily needs. Moreover, the market is only operated once a week. This situation affects Kornelis’ income since he can get more money only on Thursday, the market day.
Therefore, Kornelis plans to run another business: selling cattle. He would like to buy cattle from a neighboring village. He is requesting a loan of IDR 10,000,000 from TLM to buy three cattle.
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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