L.H.D. Bandula Lal
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 L.H.D. Bandula Lal

BandulaLal (44)is an existing BMI client from Mawanella in the Kegalle District. He is involved in sales of construction bricks. He is at present earning an average monthly income of Rs. 30,000/- approximately. He has been in this trade for a mere one year. However, the demand for construction brick either in clay or concrete is very much in demand due to individual development in villages and small townships, with most people wanting to uplift their living standards and living quarters. BandulaLal has applied for a loan of Rs. 50,000/- for the development of his present business. A previous loan had been obtained by the spouse in 2012 for the purpose of holding educational tutoring. These tutoring classes are still functional and his spouse, J M Udeni Gunathilake, earns an average income of Rs.25,000/- per month. BandulaLal and Udeni live in their own home. They have 2 schooling sons and a dependent parent in their care. His ambition is to see his business grow to a higher level and provide a better future for his sons.

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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