Wimalwathi Wahumpurage
Loan requested $393.70
Loan issued $393.70
Funds raised $196.85
Funds released $0.00
Sector Retail
Repayment term in months 24.0


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About Wimalwathi Wahumpurage

Wimalawathi obtained her first loan from BMI in 2011 June for a retail coconut business. She used the loan money to purchase coconut in bulk, store and sell accordingly. However, she realized that due to the small scale of the business the profitability is low and she had the motive of expanding it further. Now she is taking her second loan of LKR 50,000 from BMI to proceed with the expansion. Wimalawathi wants to use the money to buy more coconut in bulk and increase her income level. Her current income is around LKR 10,000 per month. Wimalawathi lives with her married daughter, son-in-law and the little grandson. Her husband had passed away few years back and now her income source is this small retail business. She is a member of the village Death Benevolence Society and the Temple Society in the village. Wimalawathi wants to improve her business and help her daughter, without being an extra burden to them. She also wishes to save some money for to support her grandson’s education in the future 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: Sep 02, 2013

Wimalawathi is a resident of Galigamuwa and an active BMI client as well. She is continuing her buying and selling of coconuts, which she started from her first BMI business loan 2 years back. Wimalawathi went for her second BMI business loan of Rs. 50,000 and has invested this amount to increase her purchases as well as buy a new plot of land. She also hopes to expand the cultivation area buy purchasing more plots of land with the profit she earns from her business activity.

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Funders to this entrepreneur

Shubha & Bala
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Astrid
Sverre Skimmeland
Geoff
Andreas
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parlett
 
 
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