P.L.S. Mangalika
Loan requested $630.25
Loan issued $630.25
Funds raised $315.13
Sector Retail
Repayment term in months 30.0

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About P.L.S. Mangalika

P.L.S. Mangalika runs a restaurant in the Dehiowita region in the Sabaragamuwa Province in Sri Lanka. Since 2005 Mangalika has been running this restaurant catering to the local community. He earns on average Rs. 20,000/- a month from his sales. In 2011 he obtained a BMI loan for Rs. 30,000/- to start up the business. He now wishes to apply for a second loan of Rs. 75,000/- which will allow him to purchase more furniture and refurbish the existing restaurant. He hopes that this will attract a greater number of customers.

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 = $315.13
Total Loan Amount = $630.25

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