Dayawathi Kadirage
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Retail
Repayment term in months 24.0


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About Dayawathi Kadirage

Dayawathi joined BMI in 2011 and obtained an asset building loan of LKR 20,000. She used this money to renovate her house and later she had started a small domestic retail shop in there. Her house is situated in Settikulama in Anuradhapura district where she lives with her husband and her son’s family. Her husband is a farmer by profession and her son is working in the Sri Lankan armed forces. Her daughter-in-law also helps them with the farming and Dayawathi also has a little granddaughter to take care of. Dayawathi now wishes to take another loan of LKR 50,000 from BMI. She plans to use this money to purchase selling items to her retail shop. At present she earns around LKR 20,000 of income per month, which she re-invests on her business as well and the balance is used for household expenses. Dayawathi enjoys running her small business, helping out her husband and taking care of her granddaughter. She wants to develop her business in to a sustainable level that would enable her to uplift their income and living conditions. She also wants to save money for her granddaughter’s 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 = $219.3
Total Loan Amount = $438.6

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: Jan 07, 2014

Dayawathi is a long standing client of BMI from Ipalogama area and she took LKR 50,000 as her second loan in 2012. She utilized the loan amount to purchase new equipment for her business. She now earns a good income through this business and is able to cater to a lot of her family’s needs through this. She believes this timely investment was the key to expand her income further and for achieving greater financial security for her and her family. She says it is a great strength to have an institution like BMI, from which they can obtain loans at affordable rates suiting to their level and capacity. She is also grateful to BMI for lending hand to accelerate the growth of her business.

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Funders to this entrepreneur

Sverre Skimmeland
Investor Image
Julie
Shubha & Bala
Andreas
Kris
V K
Investor Image
Elizabeth
Paula
 
 
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