Renuka Manel
Loan requested $252.10
Loan issued $252.10
Funds raised $126.05
Funds released $0.00
Sector Retail
Repayment term in months 24.0

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About Renuka Manel

Manel is doing apparel business. She does this business before joining with BMI. She joined with BMI in 2012. Her first loan has been used to purchase a stock of apparel. Her village has a huge demand for ladies wear. Because ladies who are living in those villages are prefer Traditional costumes. So, Manel always has the required demand. BMI played a role to lift-up her business. Now, her income is raised up to Rs. 20,000. Manel’s family has one son and a daughter. Son is doing his high schooling and her daughter is an employee in a Private firm. Manel thinks that her dream are coming true. Because she has raised her children to a good level. So, she has no worries on her children’s matter. Because, they are not depending on her anymore. Manel hopes to expand her business. Now, Manel is applying for another loan. She plans to use the loan to transport the apparels to different areas. She is confident that she can promote her business in different Areas.

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 = $126.05
Total Loan Amount = $252.1

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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Hoelder1in is a U.S. 501(c)3 non-profit organization