Chamitha Lakmal Ilandara
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 Chamitha Lakmal Ilandara

Chamitha is a three wheeler driver from Damunupola area, who lives with his wife and the baby daughter. He is taking a loan of LKR 30,000 from BMI this year, to repair his vehicle. This is his first loan. He has 7-8 years of experience as a three wheeler driver and this is the only income source of their family. His current income is around LKR 25,000. Chamitha lives with his family in a partially completed house. He is working hard to improve their income so that in future he could buy a lorry, which will earn him a better income than the present. He also wishes to gradually complete his house and make a better future for his 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

Chamitha Lakmal is a new BMI client from Galigamuwa. He had a three wheeler for the distribution purpose but it needed a lot of repair work. Chamitha took the first BMI business loan of Rs. 30,000 and used this amount to repair the three wheeler (new tyres, cover, etc). Now he is distributing his products without difficulties in a much more efficient manner thus increasing his profit.

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Funders to this entrepreneur

Shubha & Bala
Sverre Skimmeland
Andreas
rajkishoreg
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Astrid
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Leonard
 
 
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