Progress Reports

Mallika Ratnayake

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Mallika’s tea boutique is very popular in Ipalogama and Mallika makes one of the best cups of tea in the village. Mallika joined BMI in a time she was facing many financial difficulties due to the rising cost of living. She took one loan in 2011 and her second loan of LKR 50,000 in 2012. The loan was utilized to further improve the infrastructure of her boutique. Mallika has a large clientele who regularly her tea boutique and she enjoys an increased income. She hopes to continue with this business and serve the best tea in Ipalogama. She is very much thankful to BMI, for providing a loan with reasonable interest rates feasible for them to bear and for the EDS services provided. She believes that this timely investment was the key for her increased income. She hopes to continue with the business and develop it more to earn a better income that will in turn make the business sustainable in the future.

Posted by Chanuka Dilhani on Jan 07, 2014

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A.A. Anuradha Priyadharshani

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Anuradha was finding it difficult to make ends meet with the income she earned through her dairy business. . She is a dairy farmer and with the ever increasing cost of living she wanted to increase her income for the family and for the business. Therefore, she approached the BMI Ipalogama branch and obtained her second loan to buy an additional dairy cow to expand her business. Through the assistance of this first loan from BMI, Anuradha was able to increase his milk production and increase her income. This increased income helped her to meet his family’s needs in a better manner She utilized the second BMI loan to increase the number of dairy cows in his business. Anuradha now earns a good income from his dairy business and is able to meet many of his family’s needs. Anuradha conveys her gratitude to BMI for standing by her during difficult times and for providing loans at reasonable rates to strengthen poor people like them.

Posted by Chanuka Dilhani on Jan 07, 2014

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Anil Wijewardena

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Anil owns a brick making business in Ipalogama area and wanted to expand his business further . For this he took out his second loan from BMI of Rs.50, 000 in 2012. Anil utilized this loan to purchase additional equipment for his brick manufacturing business. Anil says the additional equipment purchased through the second BMI loan has helped his business immensely to increase the production. Now he is able to cater more buyers and his income too has improved significantly as a result of the success of his business. He is very thankful to BMI for providing a loan with reasonable interest rates, helping him to expand his business.

Posted by Chanuka Dilhani on Jan 07, 2014

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Dayawathi Kadirage

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

Dayawathi is a long standing client of BMI from Ipalogama area and she took LKR 50,000 as her second loan in 2012. She utilized the loan amount to purchase new equipment for her business. She now earns a good income through this business and is able to cater to a lot of her family’s needs through this. She believes this timely investment was the key to expand her income further and for achieving greater financial security for her and her family. She says it is a great strength to have an institution like BMI, from which they can obtain loans at affordable rates suiting to their level and capacity. She is also grateful to BMI for lending hand to accelerate the growth of her business.

Posted by Chanuka Dilhani on Jan 07, 2014

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Jayasena Konange Nayidelage

Berendina Microfinance Institute, Sri Lanka

$438.60 of $438.60 repaid.

A BMI cluster member from Galigamuwa, Jayasena has been an active cluster member of BMI. His income generation activity production of bricks, which he started in a small scale and now running it very successfully. Jayasena took his second BMI loan of Rs. 50,000 recently and spent Rs. 20,000 for labour charges and another Rs. 15,000 for firewood. He has kept the balance money for further expansion in near future.

Posted by Chanuka Dilhani on Sep 02, 2013

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