T.M.J.S. Menike
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 T.M.J.S. Menike

Jayanthi is engaged in tailoring for the past 3 years in the Siyambalawe area, a rural village in the Anuradhapura District. Jayanthi is married and her husband works for the Sri Lanka Army. They have two schooling children aged 12 and 11 years. Jayanthi joined the BMI in 2011 when she obtained her first loan of LKR 30,000/- to develop her business. She earns at present monthly average income of LKR 10,000/-. Earlier the main income source was agricultural farming. However the income she got from this was barely enough for her family, hence she had started the tailoring business to earn that additional income to support her family’s living expenses including educational expenses for her young children. She now wishes to expand her business by way of a new machine and more fabric for stitching. She feels, with the expansion of the business she may even be able to offer employment to a couple of young girls in the village. However, her main intention is to be a successful entrepreneur for the betterment of her family’s future.

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