H.A. Siriyalatha
Loan requested $250.00
Loan issued $250.00
Funds raised $125.00
Funds released $0.00
Sector Retail
Repayment term in months 24.0


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About H.A. Siriyalatha

Siriyalatha is from a rural village called Thalapitiya in the NuwaraEliya District. Siriyalatha is a new BMI client and has applied for a loan of LKR 30,000/- for the purpose of developing her grocery store. She has been involved in this business for over 5 years. The shop is still run at a low level and Siriyalatha earns about LKR 12,000/- per month at the present level of operations. She is 47 years old and has four children one of whom is out of school but unemployed and lives with her and her husband who is also a merchant. However, Siriyalatha and her husband find it very difficult to make ends meet and manage their family of six. As such Siriyalatha has decided to improve the grocery store and make available more goods for her clients. She intends to use the money from the loan for this purpose. She very motivated and committed and wants to ensure that she can make the grocery store a steady income earner for her family. She hopeful that with the assistance of BMI she will be achieve her goals for improving 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 = $125.0
Total Loan Amount = $250.0

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

Andreas
Investor Image
David Wene
 
 
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