Progress Reports

Anrapriya Wickramasiri

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Anurapriya runs a small retail grocery store in Ipalogama in the Anuradhapura district. He commenced his business on a very scale and through good customer service and dedication was able to build a regular loyal customer base for his grocery store. Due to the increased cost of living Anura wanted to expand his business further and earn more profit. But at that time he had no money to invest in it. That is where he looked for BMI loan of Rs.50,000 in December 2012. Anura utilized this loan to purchase required additional stocks for his business and also to expand his shop space. Now his income is considerably increased and he is now interested in developing it more. He is grateful to BMI for providing loans at very reasonable interest rates at the moment of need to him. He also thanks BMI for expanding to their area and provides accessible credit services to him and many other people who need it. He believes that timely support is what helped the successful expansion of his business.

Posted by Chanuka Dilhani on Jan 07, 2014

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Nuwanthi Dhanushka Gunasekara

Berendina Microfinance Institute, Sri Lanka

$263.16 of $263.16 repaid.

Nuwanthi is a budding entrepreneur form Ipalogama area and first joined BMI in 2012. She rears chicken as a business and took the financial aid of BMI by obtaining a loan of LKR 30,000. With the loan money she has purchased a fresh stock of animals for her business and now quite happy with her large stock and the increased income due to the investment. Her baby girl is also getting bigger and while doing the household works also she looks after the business as well. This additional income source also provided a huge support for her husband as well to manage the family economy. She feels grateful towards BMI for lending hand for her to continue her little business. Also she thinks that, institutes like BMI are also important in empowering house wives like her who also has very low access to formal financial sources due to their poverty and no private money to invest. She also thanks BMI for giving the head start to continue her business.

Posted by Chanuka Dilhani on Jan 07, 2014

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Ukku amma Liyanage

Berendina Microfinance Institute, Sri Lanka

$350.88 of $350.88 repaid.

Ukkuamma is a brick manufacturer and a long standing client of BMI. Since Ukkuamma wanted to expand her business further, to generate increased income for her family , she applied for a second loan from BMI for Rs.50,000 in December 2012. The loan helped her to purchase required stocks of material and additional equipment for brick making. This helped her to expand the business significantly and increase her income. She feels obliged to BMI since the loan was given to her without collateral or any securities. In addition, she thinks that the terms and rates of BMI are very feasible to them and the time taken to obtain the loan was minimal which was also helpful. Now she is hoping to attend trainings conducted by BMI EDS program such as financial literacy and business victory. She hopes that this will enable her to further improve her business and help to further increase her income with new knowledge.

Posted by Chanuka Dilhani on Jan 07, 2014

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M.H. Danoja Malkanthi

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Being a small scale goat farmer , Danoja was facing financial difficulties due the ever increasing cost of living. Further, there also seemed to be a good demand for goat milk in her community, considering the exceptional nutritional value of goat milk. Since Danoja lacked the financial strength to expand her goat rearing livelihood, she approached the BMI Ipalogama branch and obtained two loans from BMI in 2011 and 2012 respectively. By using the money she bought more goats for the herd and with the hope to increase the production. Now, Danoja’s goat milk production has increased significantly. Danoja also enjoys a good income through this business and is able to meet a lot of her family’s expenses through this activity. She also hopes to attend enterprise development trainings conducted by BMI in the future through which she can diversify her livelihood activities. Danoja says she is grateful to BMI for providing low interest loans, so that poor farmers like her can expand their livelihood activities.

Posted by Chanuka Dilhani on Jan 07, 2014

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Iresha Kusum Kumari

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Iresha runs a small production facility for Ekel brooms and ground spices in the village of Ipalogama in Anuradhapura district. Iresha’s products are very much in demand by her community. However, Iresha was not able to meet the demand for her products due to limited finances to increase her production. That is when she approached BMI for her first loan and then the second loan to further develop her business. She utilized this loan to purchase raw materials and other accessories needed for the production. After taking the second loan, she has successfully increased her production and started getting more orders. She was also able to increase her income satisfactorily as well. In addition to ekel and brooms she has diversified her business more now and produces ground spices in a small scale as well. Iresha conveyed her gratitude to BMI for standing by her during difficult times and providing loans at very reasonable interest rates. She also hopes to attend enterprise development trainings conducted by BMI in the future through which she can further diversify her business activities.

Posted by Chanuka Dilhani on Jan 07, 2014

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