Rasika Sudharshani
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0

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About Rasika Sudharshani

Rasika first joined BMI in 2010 November by obtaining a loan of LKR 25,000. She obtained the loan to finance her tea cultivation. She bought new plants and fertilizer with the money. At present she has well developed small tea cultivation and she has started plucking the tea leaves as well. Her income from the business is around LKR 25,000 per month. Since the business is successful she is now planning to expand the cultivation to the remaining bare parts of the land. To finance this, she is now taking her second BMI loan of LKR 50,000. She plans to use the money to do the required and improvement practices and buy new plants. Rasika lives in the remote area called Arandara with her husband and little son. Her mother (in the photo) also lives with them. Her husband is a driver in a private company in the town. Since his income is not only sufficient to cover the family needs, Rasika hopes to continue with her tea cultivation to earn an additional income. She wishes to maintain a healthy cultivation and produce quality tea leaves to earn a better income. She is also hoping to save some money from the business for her kid’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
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Funders to this entrepreneur

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