M.A. Kawshalya
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 M.A. Kawshalya

Kaushalya runs a grocery shop in Manupa in Anuradhapura district. She has been running this shop for around 10 years. She lives with her husband and children in that small village. Husband is a laborer and he too helps out with his wife’s business from time to time. . Kaushalya’s parent also lives with her. Kaushalya has one schooling son. She and her husband both are in a mission on giving a good education for their child. Kaushalya became a new BMI member in 2011 and she got her first financial assistance in the same year. The loan amount she received is Rs. 30,000. She spent her loan amount to purchase groceries. Because of she used the loan amount efficiently; she was able to obtain an income of Rs. 40,000 per month. Kaushalya sells food items and home needs in her shop. Now, Kaushalya plans to increase the variety of goods, 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