Smanathi Shyamali
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 Smanathi Shyamali

Samanthi Shamali is married to Ajith Kumara who is a technician by profession. They have a son and daughter by marriage. Samanthi started a business of buying textile in bulk and made dresses and sold them to people in her village. Day by day, her business picked up with new customers visiting her house. Samanthi used the opportunity of being a BMI cluster member and took a first business loan of Rs. 25,000 in October 2011 and invested in her trade. She is presently earning a monthly income of Rs. 10,000. Samanthi hopes to receive her second BMI business loan of Rs. 50,000 so that she can invest that amount into her trade, which is currently doing well. She also hopes to employ village girls to increase her production and to increase her profit in coming months.

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
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Funders to this entrepreneur

Sverre Skimmeland
The Imran Family
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Anonymous is a U.S. 501(c)3 non-profit organization