N. Rasamalar
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0


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About N. Rasamalar

Rasamalar is cultivator who grows vegetables. She has 2 years of experience. She has three children, two sons and a daughter. She lives with her family in Serunuwara, in the Trincomalee district. She joined BMI this year. She took Rs. 30,000 to grow more vegetables. This led to increased profits and a larger customer base for her. Now, she is earning Rs. 18,000 per month. Rasamalar has now applied for another loan, for an amount of Rs. 50,000. She plans to grow more crops, purchasing these plants in bulk which will enable her to get a bulk discount and increase the productiveness.


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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Funders to this entrepreneur

Andreas
KyRoamer
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization