Kamani Silva
Loan requested $427.35
Loan issued $427.35
Funds raised $213.68
Funds released $0.00
Sector Others
Repayment term in months 24.0


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About Kamani Silva

Kamani is living in the rural village called Kottalbadda in Anuradhapura area. She lives there with her husband and two daughters. The daughters are still schooling. Kamani’s husband is a blacksmith and he also does farming as well. He has around 20 years of experience in this field. Kamani joined BMI in 2010 and obtained a loan of LKR 25,00 for her husband’s workshop (in the photo). They used the money to purchase a bulk of an iron stock required for the production. They have found that this business is a good source of income to support their family. The income gained from farming was not sufficient to cover the production cost as well as household costs of their family. Therefore, now they are hoping to expand the smiths shop further more. To part finance this activity Kamani is now taking her second loan of LKR 50,000 from BMI. They plan to use the money to purchase another stock of iron to increase the production level. Kamani and her husband wants to develop this business in to a sustainable one. So that they have a higher and a permanent income source. They hope to raise some money to support their children’s education and make a good future for them.


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 = $213.68
Total Loan Amount = $427.35

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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Astrid
Dr. J - magician
Andreas
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angelo
Malia Anderson
 
 
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