Timor-LesteKIF 4 - Lidia's market stall
€50,000
5.25%
36 months
6 months
USD
Currency| Amount | €50,000 |
| Interest | 5.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | USD |
The project
Following the early demise of her husband, Lidia became the sole breadwinner. As a single mother, she works hard towards a brighter future for her two daughters.
Lidia is a true go-getter; she owns a kiosk selling groceries, a small market stall where she sells imported second-hand clothing, and a kiln for baking bricks used in constructing homes in her village. Lidia relies on family members to keep her market stall operational. For the kiosk and the brick-making, she employs two female family members each.
Beyond her roles as an entrepreneur and mother, Lidia is also recognized as a mentor within her community. She leads a women’s group where they cook together, share life experiences, and seek ways to improve their situation. These gatherings are a source of support. The women even pool savings to assist each other during hard times. This is crucial in East Timor, where 42% of the population lives below the poverty line with scant formal employment opportunities. The majority of the populace lacks consistent income.
Lidia receives her loan from Kaebauk, a microfinance institution in East Timor. Your support to Kaebauk aids 30 local entrepreneurs, offering them a chance at a better life.
| Company name | Kaebauk (KIF) |
| CEO | Angelo Soares |
| Founded | 2016-08-24 |
| Location | Dili, Timor Leste |
| Sector | Financial services |
| Turnover | €7,000,000 |
| Employees | 324 |
| Credit score | 3.36 |
Impact
Currently, 41% of the population in Timor-Leste lives below the poverty line, and only 13% of the population has access to regular financial services. The existence of a financial institution like KIF is essential for the economic growth of Timor-Leste
Kaebauk Investimentu no Finansas, SA (KIF) is committed to being a trusted and accessible financial institution in Timor-Leste. Microfinance loans and related services are provided to a large number of poor entrepreneurs in a sustainable and regulated manner, ultimately improving the quality of lives for families and empowering women. About 70% of all loans are directed towards female entrepreneurs.
With a loan from Lendahand KIF will be able to extend financial support to a number of rural entrepreneurs, farmers, women-owned businesses, and other SMEs in Timor Leste. With your investment in local partner KIF, entrepreneurs can expand their businesses, and create jobs.
SDGs impacted
With this project, you are contributing to the following Sustainable Development Goals:
SDG 1 - No poverty
SDG 8 - Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
Related blog posts
- Read more about KIF here in their introduction blog post.
- Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.
- With this investment 3 jobs are created
- With this investment 150 lives are improved
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We have already contributed to KIF 4 - Lidia's market stall
Alcanne Houtzaager MAAad NootebosSamuel FLAHAUTJérome SERANTArjanne Rietsema