B. Yogambikai
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Funds released $0.00
Sector Services
Repayment term in months 24.0

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About B. Yogambikai

Yogambigai runs a welding shop in Thambalagamam in Trincomalee district. She has been engaged in this business for over 2 years. Her husband is a part time laborer and also assists her in the shop. She started this business to supplement the family’s income, since Yogambigai husband did not have regular work. Yogambigai joined with BMI and received her first loan of Rs. 30,000 in 2012 to buy required equipment for her business. Now, she is earning Rs. 25,000 a month. Now, Yogambigai plans to expand her business. So, she took out a new loan of Rs. 50,000 from BMI in 2013. She plans to expand her business and increase her income through this venture.

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

Shubha & Bala
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization