Chamila Manori Jayaratne
Loan requested $236.22
Loan issued $236.22
Funds raised $118.11
Sector Agriculture
Repayment term in months 24.0


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About Chamila Manori Jayaratne

Chamila and her family lives in a remote village named Damunupola in Kegalle District. Chamila’s husband is a daily wage laborer and they have two daughters. The elder one is working in a garment factory and the youngest is still schooling. They live in a partially completed house. Chamila engage in the cultivation business to support her husband and make their family income steadier. Chamila became a member of BMI in late 2012 and this is her first loan from BMI (LKR 30,000). She intended to use the loan to obtain cultivation materials and fertilizer. She mainly cultivates Manioc, Sweet Potatoes and Bananas and has a very good market for them. Currently, her monthly income is around LKR 11,000. She has a lot of dreams for her two daughters’ future and committed herself to make a better future for the whole family.


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
  Date: Sep 02, 2013

A new BMI client from Galigamuwa, Chamila Manori recently received her first BMI business loan. Needing some additional income, Chamila ventured into a banana cultivation. She has found that this investment loan has benefited her in many ways, increasing her cultivation activity. She also hopes to receive technical and agricultural training on Banana cultivation from BMI in near future.

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I have just "topped-up" the loan request to 100% and want to wish Chamila and all of us good luck and best wishes.
Posted by JohnnyP on   06 Dec 2012 02:42 PM

Funders to this entrepreneur

Geoff
Investor Image
Anonymous
Sverre Skimmeland
Andreas
Deb
JohnnyP
 
 
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