W.M.D. Wijesinghe
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Funds released $0.00
Sector Livestock
Repayment term in months 24.0

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About W.M.D. Wijesinghe

Devika is growing ornamental fish. She has several varieties such as Gold fish, Carp, Angel, Guppy and Fighter etc. which has a lot of demand in the local market. Her experience is 2 years old. She joined with BMI in the year of 2013 and she is very new to the institution too. She has two purposes on joining with BMI. One is financial assistance and other one is gaining more knowledge on rearing of ornamental fish. She lives with her family. Her family has a son. Devika’s husband is a security officer and his parent also lives with his family. So, the husband and wife have also the added responsibility of taking care of the aged parents. Now, Devika is earning Rs. 21,000 per month approximately. Her aim is buildup her business into a good level, before her son starts schooling, since their expenses will increase further after this. So, she applied for a loan amount of Rs. 30,000 for buy new varieties of fingerlings. So, she can expand her business soon. The family lives in a hillside area called Kothmale in the Nuwara-Eliya district.

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 = $126.05
Total Loan Amount = $252.1

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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