P. Rakila Ummah
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Sector Retail
Repayment term in months 24.0

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About P. Rakila Ummah

Rajila lives in Thambalagamam in Trincomalee district, with her family. Rajila’s spouse is working abroad and her son and daughters are both schooling. Rajila runs a small grocery store in her village. Rajila joined with BMI in the year of 2012 and obtained a loan of Rs. 30,000. She used the loan to purchase a stock of groceries. Since she wanted to further increase her stock, she applied for her second loan amount of Rs. 50,000 from BMI. She plans to invest the loan for another stock of grocery. Now, Rajila’s income is Rs. 24,000 per month.

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

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