S.G. Dammika
Loan requested $336.13
Loan issued $336.13
Funds raised $168.07
Sector Others
Repayment term in months 24.0

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About S.G. Dammika

Malani is engaged in a mixture bite business. She has been engaged in this business for several years and gained a lot of experience. With these experiences, she is in a scope to develop the business which can lead to more income. Her husband is a carpenter and he supports the family through this income. But, his income is not sufficient to fulfill all the family needs. Malani’s has a daughter who is still schooling. So, the parents work hard to support the needs of the family. Malani joined with BMI in the year of 2012 and received her first financial assistance from BMI in the same year. The loan amount she received is Rs. 30,000. She used loan to buy stocks of wheat flour for her business. Now she is earning Rs. 15,000 per month. Now, Malani is applying for another loan amount of Rs. 40,000. She plans to buy more ingredients and firewood for her business.

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 = $168.07
Total Loan Amount = $336.13

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
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization