D.A.C. Dissanayaka
Loan requested $416.67
Loan issued $416.67
Funds raised $208.33
Funds released $0.00
Sector Construction
Repayment term in months 24.0


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About D.A.C. Dissanayaka

Chandrakanthi(Husband in the Picture) lives in Ipalogama in Anuradhapura district. It is a remote rural area with lack of transport facilities. Chandrakanthi is engaged in a small business producing building blocks for construction of houses and small buildings in this area. Though she has the resources to find raw materials for her business, living in a remote area she faces many difficulties with regard to transport. Chandrakathi’s was earning around Rs. 15,000 per month from this business. This income was not sufficient to meet her family needs, especially due to the fact that she has two school going daughters. Chandrakanthi’s husband is also employed at a Hotel. In order to ease her problems regarding transportation of her products and increase the efficiency of her business, she became a member of BMI in 2012 and obtained a loan amount of Rs. 25,000 for her transport requirements. The first BMI loan helped ease her transport problems and expand her business. However, an additional problem arose for her in procuring necessary firewood for the business, of which prices had risen significantly in recent months. Therefore, she applied for a second loan from BMI for Rs.50, 000.


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 = $208.33
Total Loan Amount = $416.67

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

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Julie
Andreas
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