Chandrawathi Wedalage
Loan requested $236.22
Loan issued $236.22
Funds raised $118.11
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0

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About Chandrawathi Wedalage

Chandrawathi is a small scale farmer who is a member of BMI from 2012, November. She is taking a LKR 30,000 loan in order to develop her cultivation business, to buy seeds, agro chemical and fertilizer. She mainly cultivates crops such as Corn, Manioc, Banana, Chilies, Sweet Potatoes and Vegetables. She had been involved in farming over a year and at present her monthly income is around LKR 15,000. Chandrawathi’s husband is a tapper at a rubber plantation and they have one son. The son had finished his secondary education and follows a vocational training course. The rubber tapping income is not sufficient to meet the household financial needs and additional income from the cultivation help to meet the gap. Chandrawathie is also involved in the social work, where she is an active member of Death Benevolence Society in her village as well. Chandrawathi hopes to diversify the crops cultivated to obtain an income through-out the year, and she hopes to raise some money and complete her house construction.

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
  Date: Sep 02, 2013

W. Chandrawathi became a BMI cluster member in Galigamuwa very recently. She joined BMI for the purpose of receiving business loan so that she can invest that amount in her Banana cultivation. She invested her loan in expanding her banana cultivation and started rubber nurseries as well. She knows multiple business activities can increase her profit and also balance during any losses in one business activity. She also plans to go for an agribusiness management and technical training near future.

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Funders to this entrepreneur

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