K.G.C. Kodithuwakku
Loan requested $250.00
Loan issued $250.00
Funds raised $125.00
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0

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About K.G.C. Kodithuwakku

Chandrani is from a small village in Beragala in the NuwaraEliya District. She has been engaged for the past 13 odd years in the cultivation of vegetables. She has been quite successful in this business and earns a monthly income of approximately LKR 30,000/- on average. Chandrani is new to BMI and has applied for a loan amounting to LKR 30,000/- for the development of her cultivation. She intends to use the money for improving the irrigation system to the land and also since its labour intensive work, she will use the money for wages and purchasing other required material for the betterment of the cultivation. Chandrani is 47 years old and married. Her husband overlooks the work at the cultivation and also helps out with all necessary work. As a result this is their sole income. Chandrani has two schooling daughters. Although they earn a decent income from the cultivation they are unable to infuse any capital for the development of the business due to high costs of living and home expenses. Chandrani and her husband wish to take the cultivation to a larger scale and with the financial aid they are hoping BMI would grant them, they feel that this can be achieved.

Partner MFI
Name: Berendina Microfinance Institute Ownership: Non profit
Year Founded: 2007 Partner Since: 2012
Interest Rate: 25.0 % Target Clients: Economically active and inactive poor
Repayment overview

Total Funded Amount = $125.0
Total Loan Amount = $250.0

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization