A.K.K. Dhammika Pushpakumari
Loan requested $438.60
Loan issued $438.60
Funds raised $219.30
Funds released $0.00
Sector Agriculture
Repayment term in months 24.0

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About A.K.K. Dhammika Pushpakumari

Dhammika is a BMI client since 2010 January. Her first loan was LKR 25,000 housing loan. She had used the loan money to renovate her partially completed house, as the security and protection of her children is quite important. Her home is situated in Thunthota area in Kegalle district. She has two daughters and her husband is a Navy Soldier in Sri Lanka Navy. Dhammika is now taking her second loan of LKR 50,000 form BMI for a small tea cultivation business. She had been doing tea cultivation for one and half years. She intends to use the money to re-plant tea in the current tea land and undertake some land improvements. She has not earned any income yet from the cultivation, since it is still in the growth stage. However, she hopes that this cultivation would generate a good income for her in the future, in long run, as there is a good potential for tea cultivation in the area and many of her neighbors are successful in this business. She wants to expand the cultivated area up to one acre. At present the cultivated area is 0.5 acres. She is working hard to make it a success and thereby earn a steadier income for the family.

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 = $219.3
Total Loan Amount = $438.6

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

Dhammika Pushpa Kumari is a resident of Galigamuwa. She is involved in tea cultivation. She used her first business loan to start this activity and in 2013, took her second BMI loan of Rs. 50,000 for further expansion. Out of the total loan amount, she used Rs. 15,000 for protection walls and labour charges. She used another Rs. 5,000 for fertilizers. The balance Rs. 30,000 was used to buy new plants. She hopes to earn more profit in coming future with these rightly business development activities.

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Funders to this entrepreneur

Sverre Skimmeland
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Mat Banister
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