Swarna Tikirage
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Livestock
Repayment term in months 24.0

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About Swarna Tikirage

Swarna is an ambitious lady entrepreneur from the rural area called Settikulama. She owns little poultry flock, obtained under the buyback system from a local company. She started the business nearly an year ago. Her initial business was a retail shop and it was not successful. Thus, she had started the current business with lot of future hopes. Swarna obtained her first BMI loan in 2011 November. It was LKR 25, 000 and she used it for the retail shop business to buy goods. Since that business was not successful, she chose to start a poultry business instead. Her present income from the business is around LKR 20,000 per month. Now she has applied for a second loan of LKR 50,000 from BMI. She plans to use the money to renovate the poultry house. Swarna lives with her family in a partially completed house. Her husband is a mason. They have one son and he is still schooling. Since the mason job does not generate a steady income, Swarna ‘s business provides an additional income support for her family. Swarna hopes to continue this business and work hard to make it successful. She wishes to earn an extra income to complete her house and save some money for their child.

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 21, 2014

Swarna is a poultry farmer. She lives in Ipalogama. She has been engaged in this type of farming for a long time. Since, Swarna was facing financial difficulties in sustaining this business; she applied for a loan amount of Rs. 50,000 from BMI which she was given. She utilized this loan to buy poultry chicks and feedings. She also received advice from the Enterprise Development Officer of BMI, who was able to provide her with advice on effectively managing her poultry business and maximizing on her investments. She now enjoys an increased income and is thankful to BMI for the financial assistance as well as the guidance given.

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Funders to this entrepreneur

Thomas Fincher
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Sverre Skimmeland
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization