Y.R.N. Sandya Kumari Yapa
Loan requested $625.00
Loan issued $625.00
Funds raised $312.50
Funds released $0.00
Sector Others
Repayment term in months 30.0

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About Y.R.N. Sandya Kumari Yapa

Kumari is a successful BMI client from Dewalegama area, who had initially joined in 2010 February. She financed her business of Mosquito net making with a BMI loan of LKR 25,000 and further expanded it with another BMI loan of LKR 50,000 in 2011. The loan money was used to purchase the sewing material in bulk to produce more mosquito nets for the increasing demand. She sells the nets she sews for the villages individually as well as for shops in batches. The average monthly income of Kumari is around LKR 11,000. Kumari has two daughters and a son who are still schooling. Her husband is working as a security officer for a private firm and they also takes care of the old parents of Kumari. Kumari’s mother also helps her in sewing when she has time. At the moment Kumari is working all by herself but she wishes to expand her business in the future by purchasing few more machines. She hopes to employ few girls from the village to work with her, so that they also make some income. Her ultimate ambitions are on her children and she is working hard to make their future better and support her husband to make the future of the family successful.

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 = $312.5
Total Loan Amount = $625.0

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

Sandya Kumarihami is one of the oldest BMI clients in Galigamuwa. She is running a successful clothing trade for over 3 years. She has taken 2 previous BMI loans in the past which she invested in expanding her business activity. In July 2013, she took her third BMI loan of Rs. 75,000 to further expand her activity. She bought a new Juki sewing machine for Rs. 40,000 and materials for sewing as right now she is also making mosquito nets. This has led to success for her business. She hopes to increase this new product supply in coming future and continue to be successful in this trade.

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Funders to this entrepreneur

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Sverre Skimmeland
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William Y
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