R N l Kumari
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Funds released $0.00
Sector Retail
Repayment term in months 24.0

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About R N l Kumari

Kumari is a retailer from Galigamuwa area in the Kegalle district. She is well experienced in the grocery sector and has several years of experience in it. She is able to run a successful shop and help to support her family. Kumari earns around LKR 35,000 per month and provide a huge support to her husband. To develop the business further now she is expecting a LKR 50,000 loan from BMI. She plans to use the money to purchase goods in bulk and increase the quality and quantity of goods that she sells. Kumari is a hard working woman and has a positive attitude towards managing the business. She hopes to become a successful businesswoman in the area and develop the business to earn a steady income.

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 = $210.08
Total Loan Amount = $420.17

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