Invest in the refurbishment of Miranda’s organic restaurant
€50,000
5.25%
36 months
6 months
USD
CurrencyAmount | €50,000 |
Interest | 5.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | USD |
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 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.
Restaurant owner Miranda with her employees and our colleague Lynn
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 | A+ |
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