S.S.I. Samanmali
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Funds released $0.00
Sector Retail
Repayment term in months 24.0

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About S.S.I. Samanmali

Indica Samanmali lives in a local village in Ipolagama in Anuradhapura with her husband their daughter. Her husband is a local salesman who earns a monthly salary of Rs. 35,000/-. Their daughter is currently attending the local school. For the past one year the 32 year old Samanamali has been operating a local grocery store from which she earns a monthly income of Rs. 40,000/-. Despite owning their own land the house they live in is partially complete, along with the expenses of their daughter’s education both parents have been unable to set outside money to complete the construction of the house. Through the assistance of a BMI loan, valued at Rs. 30,000/-, Samanmali plans to expand her grocery store through the purchasing of more stock. The recent past has seen an increase in the number of her customers; unfortunately she has found herself unable to complete their orders due to a lack of items. She hopes that a larger store will see a greater income which will help her family finish the building of their home.

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 = $126.05
Total Loan Amount = $252.1

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