J. Sumalatha
Loan requested $336.13
Loan issued $336.13
Funds raised $168.07
Sector Agriculture
Repayment term in months 24.0

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About J. Sumalatha

Sumalatha is a farmer engaged in paddy cultivation. She has been engaged in paddy cultivation since her childhood and has two decades of experience in this field. She joined with BMI in the year of 2012 and received a loan to purchase fertilizer for her cultivation. Because she used the loan efficiently, she was able save some money and purchase some paddy seeds. So, now her cultivation reached an income limit of Rs. 28,000. She has a family with two sons. Both are schooling. Sumalatha’s husband is also engaged in paddy cultivation. Sumalatha also wants to expand and start a vegetable cultivation. Nowadays, she works hard for that. Sumalatha applies for a loan amount of Rs. 40,000 from BMI. She plans to invest this money for her Vegetable 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 = $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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Baldua Family
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization