Malini Kumarihami
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Services
Repayment term in months 24.0

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About Malini Kumarihami

43 Years old Malani Kumarihami of Galigamuwa is married to Jayasekera and the couple has 2 kids by marriage. As her husband engaged in cultivation and son works in a hotel while her daughter studying in school, Malani had a lot of free time at home. She started buying and selling clothes to supplement the family income. She used her first BMI business loan of Rs. 25,000 to invest in her business in December 2010 and increased her sales. At present she has a steady customer base visiting her house to buy readymade clothes. Her monthly approximate income stands at Rs. 20,000. Malani has applied for her second BMI loan of Rs. 50,000. She needs this amount to invest in her trade to further expand her business. She also hopes to provide employment opportunities to village girls and continue this as an expanded textile trade in Galigamuwa.

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

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