Jayasena Konange Nayidelage
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Sector Construction
Repayment term in months 24.0

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About Jayasena Konange Nayidelage

Jayasena is an experienced entrepreneur in brick making from Thunthota area in Kegalle district. He had been engaged in this business for five years. He had been a BMI client since 2011 June. His first loan was LKR 25,000, which he used to buy raw materials for brick production. When the business started to bloom, he had employed few fellow villagers also to his business. His monthly income is around LKR 25,000 at the moment. Now he is applying for his second loan of LKR 50,000 from BMI. He plans to use this money to purchase brick making clay and firewood in bulk for the business. Jayasena is unmarried and lives with his younger brother’s family. His all efforts are directed towards developing the business and he also wants to help his brother’s family. He has future plans to expand the business and employ few more extra hands to help him to cater the expected demand. Jayasena’s prime ambition is to be a successful brick business owner in the area.

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: Sep 02, 2013

A BMI cluster member from Galigamuwa, Jayasena has been an active cluster member of BMI. His income generation activity production of bricks, which he started in a small scale and now running it very successfully. Jayasena took his second BMI loan of Rs. 50,000 recently and spent Rs. 20,000 for labour charges and another Rs. 15,000 for firewood. He has kept the balance money for further expansion in near future.

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