Nimal Chandrasena Y
Loan requested $236.22
Loan issued $236.22
Funds raised $118.11
Funds released $0.00
Sector Retail
Repayment term in months 24.0

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About Nimal Chandrasena Y

Nimal joined BMI very recently; in November 2012. He has 5 members in his family and in addition supports his elderly mother who lives with them. Nimal’s wife is working as a housemaid abroad and Nimal looks after their 3 daughters. Nimal first loan from BMI is to expand his retail shop. He had worked as an assistant in a nearby retail shop and had started his business. However, due to lack of capital the shop has not been expanded. Using the LKR 30,000 loan, Nimal intends to expand the shop further by increasing the number of items. In addition, in future Nimal wishes to establish his shop close to a main road in one of his own buildings.

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 = $118.11
Total Loan Amount = $236.22

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

Sverre Skimmeland
Trevor Rotzien
Grant is a U.S. 501(c)3 non-profit organization