K. Kanakarasa
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Funds released $0.00
Sector Livestock
Repayment term in months 24.0

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About K. Kanakarasa

Kanakarasa is a resident of Senaiyoor, Muthur and married to Mathiwathana and the couple has 3 sons. Kanakaraja is also an active BMI client. He commenced home gardening activity and subsequently went for his BMI business loan in 2011 and received Rs. 25,000. He invested this amount in his income generation activity. At the same time he also ventured into dairy business. At present he has a monthly income of Rs. 12,000 from his income generation activities. He has now applied for his second BMI loan of Rs. 50,000 last month to purchase a new cow. He hopes this will help to increase the milk production and supply. He hopes he can improve further more of his income generation activities and become a successful entrepreneur in his area.

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