P.A.K. Premarathne
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Sector Retail
Repayment term in months 24.0

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About P.A.K. Premarathne

P.A.K. Premaratne is a fisherman from the Kahatagasdigiliya region in the North Central Province in Sri Lanka. For the past three years he has been running a successful fishing business which sees a monthly income of Rs. 38,000/-. However, due to the rising cost of living he has found it difficult to cope with the rising demand. Through the assistance of a BMI loan, valued at Rs. 30,000/-, Premaratne hopes to purchase new material that he can use to expand his existing fishing industry. He also plans on expanding the business so that he may one day purchase a larger boat that will allow him to venture further out to sea.

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