Sumanawathi Morage
Loan requested $393.70
Loan issued $393.70
Funds raised $196.85
Funds released $0.00
Sector Services
Repayment term in months 24.0

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About Sumanawathi Morage

Sumanawathi lives in Hakahinna area with her husband and two sons. The two sons who have been recently employed and currently they have a family income of LKR 25,000. Sumanawathi joined BMI in 2010 December by obtaining a loan of LKR 25,000. She used this loan to repair the three-wheeler that they used to hire. Three-wheeler renting was their main income source. As the income was not enough for the day today needs of the family of four, her husband is engaged in farming as well. Now, Sumanawathi is taking another loan of LKR 50,000 from BMI from which she plans replace the roof of the three wheeler and service the engine. Sumanawathi wishes to continue the three wheeler renting business, to keep a regular household income since farming generates a seasonal income. She wants to earn good money so that she could help her children and have a reasonably comfortable retirement when she and her husband get old.

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
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Funders to this entrepreneur

Sverre Skimmeland
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Anonymous is a U.S. 501(c)3 non-profit organization