S.M.T. Bandumathi
Loan requested $420.17
Loan issued $420.17
Funds raised $210.08
Sector Construction
Repayment term in months 24.0

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About S.M.T. Bandumathi

Thilaka is a BMI client from Galwawala area in the Anuradhapura District. In 2012 Thilaka had taken her first loan of LKR 30,000/- from BMI for the development of her husband’s brick manufacturing business. She has approximately 3 years’ experience in the industry. At present they earn an average income of LKR 35,000/- per month. She has now applied for her second loan amounting to LKR 50,000/- to further develop this business by way of more raw materials and better equipment. Thilaka has three schooling children two girls aged 12 and 15 years and a son who is 6 years. They also look after their dependent parent who is 71 years old. Thilaka and her husband work very hard to provide day to day living essentials for their children and family. As such they are very determined to ensure that this business which is their livelihood will grow to provide them a better life and be a healthy source of income for their future. They hope with the development and expansion of the manufacture process, which is labour intensive,they will be able to provide employment opportunities for the villages.

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