P.G. Sunil
Loan requested $219.30
Loan issued $219.30
Funds raised $109.65
Sector Livestock
Repayment term in months 24.0


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About P.G. Sunil

Sunil is a small entrepreneur engaged in poultry trade for nearly two years. Sunil joined BMI in 2011 and took his first BMI loan of Rs. 25,000 to aid his business. He used the money to purchase birds and establish housing for them. Since his business is now fairly established, he is hoping to expand the bird flock to increase the production. Thus he has applied for the second BMI loan of Rs. 25,000 to finance this. He hopes to use money to make the cage bigger and bring in more birds. His present income is around LKR 8000 at the moment. Sunil is married and lives with his wife and son in Kalakarambewa village in Anuradhapura district. He hopes he can make more profit in future if he could expand the business gradually. He reckons that this profil will enable him to save more for to secure a bright future for his son.


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 = $109.65
Total Loan Amount = $219.3

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

Sunil is a poultry farmer. He lives in the area of Ipalogama. He took up poultry farming as a way of diversifying his income, since he was also engaged in some cultivation activities. Sunil joined with BMI a few years before. He took a loan amount of Rs. 50,000 from BMI to buy poultry feedings. The loan became very useful to run his poultry farm successfully. He was also able to buy more poultry chicks too. Because he has saved some money, by using his loan amount efficiently. Enterprise development services of BMI also guided Roshan for his income increasing.

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Funders to this entrepreneur

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Julie
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Anonymous
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Anonymous
Sverre Skimmeland
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Anonymous
 
 
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