M.H. Danoja Malkanthi
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Sector Others
Repayment term in months 24.0

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About M.H. Danoja Malkanthi

Danoja lives in the rural village called Settikulama in Anuradhapura district, in North Central Province. As many others in the area, they are also involved in agriculture and animal husbandry. Danoja’s husband mainly does the crop cultivation while she is engaged in goat rearing. They own a temporary clay house thatched with coconut leaves, as their children are married and live separately. The first BMI loan Danoja taken was LKR 25,000 in 2010 to facilitate her goat rearing enterprise. She used the loan to construct proper housing for the goats she was rearing at that time. She had been successfully engaged in this for two years and she was able to contribute to the household income to a great deal. At present they together earn around LKR 20,000 per month. Danoja has now applied for a second loan of LKR 50,000 with the intention of using the loan to buy another goat. She wishes expand her business of collecting milk form the goats and selling in the village via buying another animal. Danoja wants to continue with this business since it generates a reasonable income for them and support her husband. She also hopes save some money to renovate their house to a better level.

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

Being a small scale goat farmer , Danoja was facing financial difficulties due the ever increasing cost of living. Further, there also seemed to be a good demand for goat milk in her community, considering the exceptional nutritional value of goat milk. Since Danoja lacked the financial strength to expand her goat rearing livelihood, she approached the BMI Ipalogama branch and obtained two loans from BMI in 2011 and 2012 respectively. By using the money she bought more goats for the herd and with the hope to increase the production. Now, Danoja’s goat milk production has increased significantly. Danoja also enjoys a good income through this business and is able to meet a lot of her family’s expenses through this activity. She also hopes to attend enterprise development trainings conducted by BMI in the future through which she can diversify her livelihood activities. Danoja says she is grateful to BMI for providing low interest loans, so that poor farmers like her can expand their livelihood activities.

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Funders to this entrepreneur

Sverre Skimmeland
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Mat Banister
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