R. Rajendran
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Sector Agriculture
Repayment term in months 24.0


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About R. Rajendran

Rasan is maintaining a home garden for fifteen years. He is cultivating vegetables in his plot of land. He gets a Rs. 30,000 monthly income through this garden. He has a schooling son. He grows some flower plants too. All things he does for the sake of his children. He dreams to make his cultivation more success. With his destination he joined with BMI in the year of 2012. He got his first loan opportunity in the same year. As a result he received a loan amount of Rs. 30,000 from BMI. He used the loan to purchase fertilizers for his cultivation. After he used the loan properly, he was able to get a good yield. It made the path to increase the monthly income too. Now, Rasan applied for a loan of Rs. 50,000, from BMI. He wants to add more crops in a small plot of land and increase the efficiency of his cultivation.


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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Funders to this entrepreneur

Shubha & Bala
Andreas
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Leonard
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Anonymous
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Anonymous
 
 
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