M A Nishantha
Loan requested $256.41
Loan issued $256.41
Funds raised $128.21
Sector Retail
Repayment term in months 24.0

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About M A Nishantha

Nishantha lives with his uncle in the Galigamuwa area in the Kegalla region. Since his parents passed away, he has been helping his uncle run a communication and CD store in the town. They have been doing this for approximately 3 years. His average monthly income is approximately Rs 30,000 at present. Having seen how microfinance loans can boost a small business by providing much needed funds at the right time, Nishantha has applied for a BMI loan of Rs 30,000. He intends to increase the goods that they sell in the store (such as prepaid phone reloads, stationery) and the stock of CDs and DVDs for which there is a strong demand in the area. He is confident that with this investment, he will be able to increase the profitability of the business and the monthly income which he and his uncle currently survive on.

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 = $128.21
Total Loan Amount = $256.41

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