M.W.M. Priyanagani
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Funds released $0.00
Sector Retail
Repayment term in months 24.0

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About M.W.M. Priyanagani

Madhuka runs a grocery shop in Kothmale in Nuwara-Eliya district. Her shop is 02 years old and it is located in a hillside area. She lives with her husband and children in that small village. Husband is a laborer and he uses to help her wife’s business from time to time. Madhuka has two schooling sons. Her husband is Driver. She and her husband are very keen to provide a good education for their school children. Madhuka became a new BMI member in 2012 and she got her first financial assistance in the same year. The loan amount she received is Rs. 30,000. She spent her loan amount to purchase groceries, because oshe used the loan amount efficiently, her monthly income went up to Rs. 18,000. Madhuka sells also sells homemade food items in her shop. Now, Madhuka plans increase the variety of goods, and enlarge her store. So, she applied for another loan amount of Rs. 50,000 to buy more goods and increase the varieties of homemade food in her store.

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 = $210.08
Total Loan Amount = $420.17

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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