Rumathi Metilda Weerasekara
Loan requested $393.70
Loan issued $393.70
Funds raised $196.85
Sector Services
Repayment term in months 24.0

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About Rumathi Metilda Weerasekara

Metilda lives in a rural village in Kegalle District and is a client of BMI from year 2010. Metilda’s husband is a daily wage laborer and they have a teenage son. The son is studying for the advanced level exams, and the income from daily wages is inadequate for household needs. Metilda started selling plastic household items about 2 years back. This was started with LKR 25,000 loan. The loan was repaid back recently and she advanced to the next loan cycle amounting to LKR 50,000. The loan will be utilized to purchase plastic items for selling. However, Matilda hopes to expand the business and start selling household electric items as well.

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 = $196.85
Total Loan Amount = $393.7

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
  Date: Jun 10, 2014

Matila Weerasekara from Galigamuwa took her second BMI business loan of Rs. 50,000 last month. This is her second BMI business loan taken within two years. - She used this amount to buy variety of products for her retail business selling plastic and electrical items. With the number of new clients growing in her business, she has been able to to introduce attractive products and household items that attract the customers. So indeed, a loan from BMI has been a timely investment for her.

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Funders to this entrepreneur

Sverre Skimmeland
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Ms. M
Trevor Rotzien
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mole333 is a U.S. 501(c)3 non-profit organization