Rupika Liyanage
Loan requested $657.89
Loan issued $657.89
Funds raised $328.95
Funds released $0.00
Sector Construction
Repayment term in months 30.0


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About Rupika Liyanage

Rupika Liyanage is married to Rajakaruna (in the photo) of Galigamuwa village who is professionally a mason. They have 3 sons. Rajakaruna used to work under other building contractors and earned only day wages. This uncertainty of this type of work meant that the couple faced many financial difficulties in the periods where Rajakaruna didn’t have work. The couple decided to take on building house contracts on a small scale under their supervision. They didn’t have enough funds to do this on a big scale. Meanwhile, Rupika became a BMI member in Galigamuwa area and went for her first business loan of Rs. 25,000 in February 2010. This amount was invested in their new business venture. Rajakaruna started to get more contracts and started to earn a steady income. Rupika went for a second BMI loan of Rs. 50,000 in November 2011 and invested this too in her husband business activities. This brought the couple more income continuously. At present, they earn an average monthly income of Rs. 40,000. Now Rajakaruna takes big housing contracts as well. This eventually led Rupika to apply for her third BMI business loan of Rs. 75,000. She hopes to receive this amount soon, so that she can help her husband to make timely use of the opportunities to engage in the trade on a big scale.


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 = $328.95
Total Loan Amount = $657.89

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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Anonymous
 
 
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