P.A.L. Rathmalsinghe
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Sector Agriculture
Repayment term in months 24.0


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About P.A.L. Rathmalsinghe

Lalitha runs a Tea plantation in a small plot of land in her backyard. She joined with BMI in the year of 2013. Her husband is in the Government service. He is supporting the family needs and his wife is spending for children’s education. Lalitha has two daughters and a Son. Children are schooling. Lalitha has six years of experience in this field. Lalitha sells her tea leaves to local vendors. Since Lalitha plans to increase her yield further. She applied for her first loan amount of Rs. 30,000 to buy more tea plants. So, she can receive an increased monthly income. Her current monthly income is Rs. 21,000.


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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Funders to this entrepreneur

Andreas
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Leonard
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Anonymous
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Megan
 
 
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