Leelawathi Wijesinghe
Loan requested $219.30
Loan issued $219.30
Funds raised $109.65
Sector Others
Repayment term in months 24.0


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About Leelawathi Wijesinghe

Leelawathi is a BMI client from Mahailluppallama area in Anurahdapura district. Her husband is a Driver in profession and they have one son who is also employed as a driver. Leelawathi engaged in dress making and has around eight years of experience in it. She has first joined BMI in 2011 March and obtained a loan of LKR 25,000 for her dress making business. She has used the loan money to purchase clothing materials for her business. Since the business shows good prospects, now she is planning to increase her production and diversify the types of dresses she makes. She has now applied for her second BMI loan of LKR 50,000. She plans to use the money to buy a stock of clothing materials. Leelawathi engaged in this business not only as her profession, but also as her hobby. She enjoys making dresses and happy that she could contribute to the household economy. She plans to gradually develop her business and save some money for their future.


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

Leelawathi is engaged in a tailoring business in a rural village called Ipalogama with her family. Because her village is located in a remote location, she struggles to get the required fabric from the city and also to meet the demand from her community for her clothes. At first she had difficulties in bearing these costs. So, she joined with BMI and received a loan of Rs. 50,000. She used the loan to purchase another sewing machine for her business. After using the new machine her production has also increased. She is earning an extra income as well.

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Funders to this entrepreneur

Andreas
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Thomas
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Julie
Sverre Skimmeland
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Anonymous
 
 
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