Yusak has been engaged in his business for six years. The business is the only source of income that Yusak and his family are depending on. Yusak’s business place resides precisely in front of a school building that allows him to get many customers. There are some goods that he provides in his kiosk, including stationery, snacks, and also daily basic needs.
In this new academic year, the income from his kiosk business is spent to pay for his child's college fees. Therefore, he needs more capital to renew his kiosk stocks. He proposed a loan from Tanaoba Lais Manekat Foundation (TLM), amounting to IDR 5,000,000 to pay for kiosk stocks, such as biscuits, pencils, pens, books, instant noodles, coffee, and sugar.
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