Betania 1B Group
Ande is interested in the cattle fattening program because he wants to improve his living standard as a farmer, and the availability of cattle food that he has encourages him to join the cattle fattening program. Ande is requesting loan from TLM amounting to Rp 3,300,000 to buy young cattle to be fattened in 12 months. The other borrowers of Betania 1b group are also requesting loans to buy cattle to be fattened. After the cattle have been fattened for 12 months, they will be sold and the initial cost of the cattle will be repaid to the lender and the group members will get the profit from the sale.
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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