Chamila Niranjala Jayasinge
Loan requested $393.70
Loan issued $393.70
Funds raised $196.85
Sector Services
Repayment term in months 24.0


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About Chamila Niranjala Jayasinge

Chamila is a young woman of 28 years who runs a grinding mill in Udugama area in Sabaragamuwa province. She has a grinding mill for both chilies and rice. In 2010 August, Chamila obtained a loan of LKR 25,000 from BMI in order to start this mill. She used the loan to purchase the basic machinery and construct a temporary place for the mill. After successfully repaying the first loan she is now going for her second loan of LKR 50,000, to further develop her business. She is planning to use this money to construct a permanent shelter for the mill. Chamila is engaging in this business to generate an additional steady income for her family. At the moment she earns around LKR 7,000 from the mill. Her husband is a mason in profession and the income he earns from is not regular. Thus, the income from the mill is a big assistance for the family, to stabilize cash inflow. They have small son and Chamila’s father-in-law lives with them as well. Increasing and further stabilizing the current income is the main purpose of Chamila at the moment. Chamila’s husband is also willing to contribute to this business in due course when it develops more. Together they wish to own a sustainable business and save some money for their child’s 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 = $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

Chamila is a long standing BMI client from Galigamuwa. She continues her grocery trade from her home. She took her second BMI loan of Rs. 50,000 and now is in the process of building a separate shop. She used the loan amount to buy construction materials including sand, bricks, cement, etc. for this purpose. She also kept Rs. 10,000 separately for future expanses related to this construction. She know her business activity will be professional and in order after she moved to new shop.

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Funders to this entrepreneur

Investor Image
Astrid
Sverre Skimmeland
Geoff
rajkishoreg
Andreas
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parlett
 
 
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