Progress Reports

Renuka Rajapaksha

Berendina Microfinance Institute, Sri Lanka

$657.89 of $657.89 repaid.

Renuka is a poultry farmer in the Ipalogama area. She has been engaged in this farming for a long time. Renuka joined with BMI a few years back. She took a loan amount of Rs. 75,000 from BMI to buy poultry feedings. The loan became very useful to run her farming successfully. She bought more poultry chicks too through this loan. Because she has saved some money, by using her loan amount efficiently.

Posted by Chanuka Dilhani on Jan 21, 2014

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Neel Hemantha Hemapala

Berendina Microfinance Institute, Sri Lanka

$657.89 of $657.89 repaid.

Hemapala is a farmer who manufactures Vegetable seeds and a loyal BMI client. Hemapala took a loan amount of Rs. 75,000 from BMI as his third loan. The loan has been used to buy agro chemicals and mother plant seeds for his manufacturing. His business is a successful one but the cost also went high with the high production he needed to do to cater the demand. So that, he sought the help of BMI to get the money to invest in the business. He has got better guidance from Enterprise Development officer of BMI too in improving his business skills. Now, Hemapala is earning well and hoping to develop the business more. What Hemapala likes about BMI is the hassle free procedures and low interest rates. He also admired the trainings like Business Victory and Financial Literacy which gave him an additional knowledge as well.

Posted by Chanuka Dilhani on Jan 21, 2014

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Shashika Shyamalee Dissanayake

Berendina Microfinance Institute, Sri Lanka

$263.16 of $263.16 repaid.

Shasika is a Farmer who does Banana cultivation. She is a very proud to be a BMI member since her venture was started from the BMI loan. She took a loan of Rs. 30,000 from BMI to start this cultivation. Shasika is living in village called Ipalogama. The environment where Shasika is salubrious for Banana and started giving her a good harvest. She did not fail to grab the services and guidance for BMI too in developing this business via Enterprise development services (EDS). Shasika feels obliged to BMI for lending hand to her when she had no other means of finance to start this business. Also the trainings given by EDS were a valuable guidance. It is a good progress which gained through her hard work during this time. She plans to enhance her cultivation, find new markets and develop the business more.

Posted by Chanuka Dilhani on Jan 21, 2014

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Kelum Satharasinghe

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Kelum is a carpenter who lives in a rural village called Ipalogama. Kelum makes home furniture like cupboards, tables, chairs and beds. Because of the quality of his work, he has a good reputation on as a carpenter in the area. He took a loan from BMI to buy carving tools for his workshop with a hope of make more creative finishing. The loan amount she took was Rs. 25,000. This was the first loan she took from BMI after joining with BMI. He says that the income is began to increase die to the new investment and he is thankful to BMI for giving him the loan in the difficult time. He hopes to develop a sustainable business and to earn a steadier income from it for the family.

Posted by Chanuka Dilhani on Jan 21, 2014

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Amali Hatharasinghe

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Amali is a Building material supplier. She is a senior berendina member too. Berendina has given a good guidance for her business with microcredit facilities. After inspecting capability and enthusiasm, BMI has given a loan of Rs. 50,000 to enhance the business to Amali as her second loan. She used the loan to buy Machinery for her workshop. As she said, she used the loan in a proper way. Now the monthly income of Amali also got increased and now she is having a hope to expand her supplying to other areas too. She reckons BMI as a friendly institute, who helped her when she was having financial difficulties without requiring any collateral. She also think that it is one key aspect of the current success. She is now hoping to attend some trainings given by BMI enterprise development service, to gather more knowledge on business management.

Posted by Chanuka Dilhani on Jan 21, 2014

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