Supporting Job Creation Through Lídia’s Business
€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
After the untimely passing of her husband, Lídia became the sole breadwinner of her family. As a single mother, she works tirelessly to create a brighter future for her two daughters.
Lídia is a driven individual, managing not one, but three small businesses. She operates a food kiosk, a small market stall where she sells imported second-hand clothing, and a kiln for making bricks used in building houses in her village. She relies on family members to help manage her market stall, while she employs two women to assist in both the kiosk and brick-making business.
Beyond her role as an entrepreneur and mother, Lídia is also a respected mentor in her community. She leads a women’s group where they cook together, share life experiences, and explore ways to improve their situations. These gatherings are a vital source of support. The women even pool their savings to help one another during tough times. This support is crucial, as in East Timor, 42% of the population lives below the poverty line, with limited formal employment opportunities. Many rely on irregular income sources to survive.
We met Lídia a few months ago. Watch her inspiring story in the video below:
By investing in Kaebauk, a microfinance institution with a social mission in East Timor, you help entrepreneurs and low-income families access vital (micro-)financing. Their clients benefit from personalized guidance from Kaebauk's dedicated advisors, who share financial knowledge to help business owners make informed decisions, grow their businesses, and create employment opportunities for others.
Your investment in Kaebauk supports 30 local entrepreneurs like Lídia, offering them a chance for 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 | A+ |
Impact
Currently, 42% 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