J.A.S. Kumari
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Sector Retail
Repayment term in months 24.0

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About J.A.S. Kumari

Kumari is from a village in the Saliyapura area in the Anuradhapura District. Kumarihas been managing a grocery store for the past one year or so. She joined BMI at the inception of her store last year and had taken a loan amounting to LKR 30,000/-. Kumari earns a monthly income of LKR 10,000/- from this store which is a bare minimal amount. Her husband is attached to the army. She has three children below 18 years of age. However due to financial difficulties her oldest son who is 17 years was compelled to stop his education and get involved in business. She is determined to keep the home fires burning and to ensure that her younger two children will not be compelled to leave school. Kumari has now applied for a BMI loan of LKR 50,000/- to improve her shop. She intends to use this money to improve the premises and obtain more goods that could be sold to her clients. She does not want to fear for her children’s future and instead wants to work hard to provide all that she could in her capacity. As such she is determined to make the grocery store a profitable entrepreneurial 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 = $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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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization