Somawathi P K
Loan requested $236.22
Loan issued $236.22
Funds raised $118.11
Funds released $0.00
Sector Services
Repayment term in months 24.0

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About Somawathi P K

Somawathi joined BMI in November 2012. She is in the dress making business. The loan will be used to buy the materials for dress making. Somawathi has 12 years of experience in garment industry as she has worked as a supervisor. About 4 months ago, she had resigned from her job and had started dress making by herself. Somawathi's husband works as security guard and they have two children. The elder son is in grade 4 while the younger daughter is still not schooling. Somawathi works hard, so that she can expand the business, and earn a substantial income to support the children’s education and complete her house.

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 = $118.11
Total Loan Amount = $236.22

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
Sverre Skimmeland
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Anonymous is a U.S. 501(c)3 non-profit organization