R. Rajina umma
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. Rajina umma

Rajina Umma lives with her husband Jainulaptheen and her 3 kids in Allai Nagar, Thopoor, Trincomalee. The couple ventured into bakery business on a small scale starting at home. With their hard work, the business got developed and started to bring steady clients. Rajina Umma became a BMI client meanwhile and went for her first BMI loan of Rs. 25,000 in 2011. She invested this loan to expand her business activity and purchase materials at wholesale prices. Her monthly income has reached to Rs. 15,000 per month at present and because of the success of her previous investment, she has now applied for her second BMI loan of Rs. 50,000 last month. She will invest this amount too to buy raw materials needed for food production as well as to expand the bakery. The couple hopes to receive more income in near future with these latest developments in their income generation activity.

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