M. Junaideen
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 M. Junaideen

Junaideen lives in a village in Thampalamgam in the Trincomalee district with her husband (in the picture) and children. She is earning a monthly income of approximately Rs. 30,000/-. She has a canteen selling food to nearby villagers and a retail store and has been operating this business for several years. She has seen the benefit of investing in her business by attending BMI cluster meetings and by her previous BMI loan of Rs 30,000 in 2011. Thus Junaideen wishes to expand her business through purchasing more goods at a bulk discount rate by taking out a loan of Rs 50,000. She knows that this timely investment will enable her to increase her profitability and allow her to take care of her family.

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