N. Arunthavam
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Sector Services
Repayment term in months 24.0

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About N. Arunthavam

Arunthavam is a motor mechanic. She works in her own shop. In 2013 she joined BMI to make improvements to her workshop. Arunthavam’s home place is Serunuwara, a rural village situated in Trincomalee District. In her area, most people have motorcycles to fulfill their daily key transport needs. So, Arunthavam decided to work in this field. As her first step, she took a loan of Rs. 25,000 from BMI and bought new equipment for her Workshop. She being a very good examples for other women who think this is men works. Now she is earning Rs. 150,380 per year. Arunthavam has a family with eight characters. They are her husband, four sons and two daughters. Her husband(in picture) also assisting her vehicle garage. She tries making more revolution among the women who are framed by the culture and thinking these tasks impossible. She is willing to make her workshop wider by adding more equipment. So, Arunthavam applied for new Loan of Rs. 50,000 from BMI.

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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Funders to this entrepreneur

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Queen's Social Investment Iniative
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization