Amali Hatharasinghe
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Handicraft
Repayment term in months 24.0

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About Amali Hatharasinghe

Amali Hatharasinghe is married to Tharindu Hettiaarachchi who is a carpenter by profession. The couple has a son and a daughter. Amali wanted to use her free time in a productive manner and waited for an opportunity to start an income generation activity. She got inspired more after she came to know about BMI activity in Ipalogama and got herself involved in a BMI cluster. She commenced her income generation activity by taking a business loan of Rs. 25,000 in June 2011 and investing on dairy management. This provided her ample monthly income, which stands at Rs. 34,000 per month. Amali now feels to go for another income generation activity by requesting her second BMI business loan this month. She wants to invest her second loan of Rs. 50,000 in cement brick making, which can be easily carried out at the adjoining land belongs to her. She knows by continuing both business activities, she can make more profit as well as provide employment opportunities to others 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
  Date: Jan 21, 2014

Amali is a Building material supplier. She is a senior berendina member too. Berendina has given a good guidance for her business with microcredit facilities. After inspecting capability and enthusiasm, BMI has given a loan of Rs. 50,000 to enhance the business to Amali as her second loan. She used the loan to buy Machinery for her workshop. As she said, she used the loan in a proper way. Now the monthly income of Amali also got increased and now she is having a hope to expand her supplying to other areas too. She reckons BMI as a friendly institute, who helped her when she was having financial difficulties without requiring any collateral. She also think that it is one key aspect of the current success. She is now hoping to attend some trainings given by BMI enterprise development service, to gather more knowledge on business management.

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Funders to this entrepreneur

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Anonymous is a U.S. 501(c)3 non-profit organization