Kelum Satharasinghe
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Sector Handicraft
Repayment term in months 24.0


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About Kelum Satharasinghe

24 years old Kelum Satharasinghe persuaded his interest in carpentry no sooner he finished his schooling days. He gained enough knowledge to do his own but was unable to do since he didn’t have enough money to invest in his dreams. When he became a member of BMI cluster, it paved the way for him to go for a business loan to start his venture. Kelum took his first business loan of Rs. 25,000 in June 2011 and commenced his carpentry shop. His hard work paid him enough profit with a monthly income stands at Rs. 85,000 at present. Kelum feels its right time to invest more money on his income generation activity and wants to go for his second loan of Rs. 50,000. He wants this loan approved sooner so that he can purchase a new machine for his workshop. Kelum hopes to give employment opportunities to village youth with further expansions to his work shop in 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 = $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

Kelum is a carpenter who lives in a rural village called Ipalogama. Kelum makes home furniture like cupboards, tables, chairs and beds. Because of the quality of his work, he has a good reputation on as a carpenter in the area. He took a loan from BMI to buy carving tools for his workshop with a hope of make more creative finishing. The loan amount she took was Rs. 25,000. This was the first loan she took from BMI after joining with BMI. He says that the income is began to increase die to the new investment and he is thankful to BMI for giving him the loan in the difficult time. He hopes to develop a sustainable business and to earn a steadier income from it for the family.

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