L.S.G. Mangalika
Loan requested $250.00
Loan issued $250.00
Funds raised $125.00
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0

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About L.S.G. Mangalika

Mangalika is involved in managing a tea plantation on a small scale. She lives in the Beragala area in the NuwaraEliya District. Mangalika has been involved in this business for the past 14 years and earns an income of LKR 20,000/- per month. Mangalika is 28 years old and married, her husband is employed with the Security Service. Mangalika has a schooling child and her mother who lives with them. Mangalika is new to the BMI and has applied for a loan of LKR 30,000/- for the purpose of improving the plantation. She intends to use the money for new plants and replanting purposes. She is young, energetic and full of aspirations. She is very eager to see a development in her business. She would like to make improvements and increase the output of tea leaves sold to the factories. She is very determined and hopes to be a successful entrepreneur in the 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 = $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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