Niluka Damayanthi Millange Gedara
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 Niluka Damayanthi Millange Gedara

Niluka newly joined BMI (November 2012) and this is her first loan for LKR 30,000. Niluka is a mother of one son and they are living in a village called Damunupola. Her husband has worked as a three wheeler driver for about four years before they purchased their own three wheeler and started the minor export crop business along with renting the vehicle. The loan is being used to repair their three wheeler which is available for hire. Apart from renting the three wheeler, they have a minor export crops business. This three wheeler is also used to transport minor export crops (pepper, cloves and coffee) that they purchase, process and resell. Her family income at present is around LKR 30,000. Niluka and her husband now plan to develop the spices business further and buy a small lorry to expand their business coverage and sales volumes. All their efforts are centered on their child for whom they both want to create a better future.

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

Hoelder1in is a U.S. 501(c)3 non-profit organization