Siprianus owns a kiosk that sells household items such as sugar, coffee, detergent, cigarettes, bath soap, mosquito coils, snacks and soft drinks. He has been running the business for more than 10 years, using his own capital. This business is really vital to Siprianus as it enables him to cover his family's living expenses and the children's school fees.
The increase of market prices and demand by customers for more stock led Siprianus to seek more money to buy various items. He requested a loan amounting to IDR 4,500,000 from TLM. Siprianus plans to spend the loan on petrol, cigarettes, more snacks and soft drinks.
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