Renuka Rajapaksha
Loan requested $657.89
Loan issued $657.89
Funds raised $328.95
Funds released $0.00
Sector Livestock
Repayment term in months 30.0

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About Renuka Rajapaksha

Renuka is a continuing BMI client from Ippalagama area in the Anuradhapura district. She, her husband (in the photo) and two children live in a small single bedroom temporary house. Approximately 3 years ago she and her husband began to keep chickens in order to supplement the family food consumption and then income by selling eggs. At the moment the monthly income from this venture is approximately Rs 12,000. In November 2010 Renuka became a BMI client with a loan of Rs 25,000 to get the business off the ground. Since that intial investment the business has been growing steadily. So, in March 2012 she took a loan of Rs 50,000 to develop the venture further, increasing the quantity of poultry she manages. Given previous success at increasing income, she hopes to obtain a loan of Rs 75,000 in order to purchase more poultry, feed and other materials to develop the business venture further.

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
  Date: Jan 21, 2014

Renuka is a poultry farmer in the Ipalogama area. She has been engaged in this farming for a long time. Renuka joined with BMI a few years back. She took a loan amount of Rs. 75,000 from BMI to buy poultry feedings. The loan became very useful to run her farming successfully. She bought more poultry chicks too through this loan. Because she has saved some money, by using her loan amount efficiently.

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Funders to this entrepreneur

Shubha & Bala
Sverre Skimmeland
Investor Image
Anonymous is a U.S. 501(c)3 non-profit organization