Rasaretnam Jeevarani
Loan requested $336.13
Loan issued $336.13
Funds raised $168.07
Sector Retail
Repayment term in months 24.0


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About Rasaretnam Jeevarani

Jeewarani runs a retail store in a village call Serunuwara in Trincomalee district. She has a family with a Daughter. Her husband also assists in the business. Through this business, Jeewarani earns approximately Rs. 114,860 per year. With the rising cost of living Jeewarani feelt the need to increase her income through expansion of her business. Therefore she joined with BMI and received a loan of Rs. 25,000 for expansion of her business. The expansion was a success and Jeewarani was able to make good profits through the expansion. Now, Jeewarani plans to apply for a new loan of Rs. 40,000 from BMI. She plans to invest the loan on further expanding her business.


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 = $168.07
Total Loan Amount = $336.13

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
Investor Image
Anonymous
 
 
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