K. Selvaranjani
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 K. Selvaranjani

Kaneshamoorthi Selvaranjani is a resident of Thanganagar, Serunuwara, Trincomalee district and a new BMI client. Married to Prathapan, she has a daughter by marriage. Selvaranjani started a small grocery shop next to her house serving the village clientele with daily grocery items. Her last year total income from this grocery was Rs. 186,800. Last month, Selvaranjani went for her first BMI business loan of Rs. 30,000. She will use this loan amount to purchase new items for her grocery shop. She hopes this investment and new introduced products will attract more clients to her shop and increase her profits in coming months.

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