Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Funds released $0.00
Sector Services
Repayment term in months 24.0

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About Aruna

Aruna runs a Ayurvedic medicine herbal shop. It is located in an area call Mawanella in Kegalle district. This shop is received from his parents. So, the shop has a good number of customers. Anura joined with BMI in the year of 2012. Anura is doing this business for 40 years. His current income is Rs. 15,000 per month. He is making that income to spend for his schooling daughter. Daughter is going to attend high school next year. Aruna’s mother is also involved in business. Aruna received his for loan of Rs. 30,000 in 2012. He used the loan to purchase herbal oils. Because, herbal oils always have a demand in rural areas. Now, Aruna is hoping to expand his business. So, he is expecting another loan from BMI.

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 = $126.05
Total Loan Amount = $252.1

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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Mysteron347 is a U.S. 501(c)3 non-profit organization