funding gap emerging markets
Timor-Leste

Supporting Job Creation Through Lídia’s Business

  • Kaebauk (KIF)
  • The €50,000 goes to 30 entrepreneurs
  • + 181 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 5 days on 16 September 2024.

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

      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

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

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      We have already contributed to Supporting Job Creation Through Lídia’s Business

      Bram Berkelmans
      Stefan Menningh
      Jeroen Rust
      Jérome SERANT
      Ron van Eijk
      + and another
      181
      investors