F. Meharfa
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 F. Meharfa

Faleel Meharfa is a resident Kadatkarai Senai, Muthur in Trincomalee district and married to Faleel who is a Salesman by profession. They have 2 sons and a daughter by marriage. She started buying salt and packing into small packs and started to sell to the village people and grocery shops. She took her first BMI business loan of Rs. 25,000 in 2012 and invested in her business. Her business activity improved by this investment and at present she earns a monthly income of Rs. 20,000 by selling salt packs. With 15 years experience in this trade, Meherban has now applied for her second BMI loan of Rs. 50,000 to further expand her income generation activity. As salt is one of the much needed items for day-to-day life, She hopes to increase the production thus bring her increased income in coming future.

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