Invest in the refurbishment of Miranda’s organic restaurant

Timor-Leste

Country

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

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

Kaebauk (KIF)

CEO

Angelo Soares

Founded

2016-08-24

Location

Dili, Timor Leste

Sector

Financial services

Turnover

$7,000,000

Employees

324

Impact

Jobs created

150

Lives improved

In East Timor, 42% of the population lives below the poverty line, with very few formal job opportunities. Most people lack a stable income, and Kaebauk aims to change that.

As a microfinance institution, Kaebauk helps micro-entrepreneurs set a loan amount that they can manage, ensuring they won’t face repayment difficulties. Kaebauk also supports medium-sized businesses, which typically borrow larger amounts to use as working capital or to invest in their businesses. Through Lendahand, you can contribute to strengthening the local economy, while Kaebauk helps reduce the risks.

By investing in microfinance institution Kaebauk, you can support entrepreneurs in a vulnerable economy. Your investment empowers 60 local entrepreneurs and offers them a chance at a better future.

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.

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