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funding gap emerging markets
Timor-Leste

Invest in the refurbishment of Miranda’s organic restaurant

  • Kaebauk (KIF)
  • The €50,000 goes to 30 entrepreneurs
  • + 225 other investors
  • €50,000
    Amount
    5.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    USD
    Currency
    Amount€50,000
    Interest5.25%
    Maturity36 months
    Repayments6 months
    CurrencyUSD
      100%
      Fully funded in 15 days on 15 May 2024.

      The project

      Invest in a project that supports small family businesses in a vulnerable economy.

      Cooking is Miranda’s greatest passion. She started her restaurant from scratch in 1999 and is now renowned for her daily buffet of exclusively organic and Timorese dishes. With a loan of €10,000, she purchased all the necessary ingredients and cooking equipment. Now, she wants to use a new loan to invest in a small renovation and further decorate her colorful restaurant. She receives her loans from the microfinance institution Kaebauk.

      We meet Miranda at her restaurant Lemorai, which means 'traveler' in the local Tetum language. Appropriately, her restaurant is located along the busiest road in Dili, the capital of East Timor, where much traffic passes by.

      The menu features organic dishes from local harvests, such as spinach, carrot, fish, and sweet potato. The restaurant is open daily until the buffet runs out. When we arrive around 4 PM, the last guests are just sitting down.

      Miranda is a restaurant owner in East Timor and receives financing through Lendahand
      Miranda offers a buffet of local produce

       

      We meet Miranda at her restaurant Lemorai, which means 'traveler' in the local Tetum language. Appropriately, her restaurant is located along the busiest road in Dili, the capital of East Timor, where much traffic passes by.

      As a single mother, Miranda has built a strong legacy for her two daughters with her restaurant. Additionally, she has a big motherly heart. Her employees are welcome to live with her, as many of them live far from family or cannot rely on family support. In the restaurant and with Miranda, they feel at home.

      In East Timor, 42% of the population lives below the poverty line, with little formal employment available. The majority of the population does not have consistent income.

      You are investing in Kaebauk, a microfinance institution in East Timor with a social mission. They assist entrepreneurs and low-income families with financing. Their clients can count on individual advice from their contact person at Kaebauk. They share financial knowledge with entrepreneurs, enabling them to make informed decisions and grow their businesses.

      Your support for Kaebauk through investment in this project will help 30 local entrepreneurs like Miranda, offering them a chance for a better life.

      Miranda is a restaurant owner in East Timor and receives financing through Lendahand
      Restaurant owner Miranda with her employees and our colleague Lynn

       

       

      Company nameKaebauk (KIF)
      CEOAngelo Soares
      Founded2016-08-24
      LocationDili, Timor Leste
      SectorFinancial services
      Turnover$7,000,000
      Employees324
      Credit scoreA+

      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

      • With this investment 3 jobs are created
      • With this investment 150 lives are improved

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      We have already contributed to Invest in the refurbishment of Miranda’s organic restaurant

      Danny Honig
      Ron van Eijk
      Gerard de Jong
      Jeroen Rust
      Poul Brands
      + and another
      225
      investors