O.W.G.N.N. Manike
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 O.W.G.N.N. Manike

Nayana runs a small grocery shop in Kothmale in Nuwara-Eliya district. Her shop is 13 years old. She lives with her husband and three children in that small village. Husband is Samurdhi development officer and he also assists with his wife’s business. Their children are schooling. She and her husband both are in a mission on giving a good education for their children. Nayana became a new BMI member in 2012 and she got her first financial assistance in the same year. The loan amount she received was Rs. 30,000. She spent her loan amount to purchase groceries. Because she used the loan amount efficiently, her monthly income raised up to Rs. 18,400. Nayana sells food items and home needs in her shop. Now, Nayana plans increase the variety of goods, which leads to a supermarket in the future. So, she applied for another loan amount of Rs. 50,000 to buy other varieties of goods.

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