Amara Nandawathi Manike
Loan requested $350.88
Loan issued $350.88
Funds raised $175.44
Funds released $0.00
Sector Handicraft
Repayment term in months 24.0

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About Amara Nandawathi Manike

Manike is a new BMI client from Ipalogama area in Anuradhapura district. She resides there with her husband who is a farmer and they have two children. She is engaged in handicrafts business and her current average monthly income is around LKR 15,000. Manike took out her first BMI loan of LKR 25,000 in 2011. She used the loan money to buy raw materials to start up her business. Now she is planning to diversify her business by producing soft toys. To finance this activity, she has now applied for her second loan of LKR 40,000 from BMI. She plans to use the money to purchase the required raw materials for soft toy making. She is working hard to develop her business in to a sustainable one. She hopes to earn a higher income to support her husband in their household expenses and children’s’ education. Manike is confident that she can develop this business more and become a successful entrepreneur in the area.

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 = $175.44
Total Loan Amount = $350.88

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: Jan 21, 2014

Randani runs an aquarium. She grows variety of ornamental fishes. She has a good demand on her business as well. She joined with BMI and received a loan of Rs. 40,000 to buy fingerlings and fish feedings. Ipalogama the village where she lives with her family is a rural area. She sells these fish in the city market. Randani used the loan of BMI, in a proper and efficient way. Now her production has increased. She got some good training on for Enterprise development services of BMI.

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Funders to this entrepreneur

Sverre Skimmeland
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The Imran Family
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Anonymous is a U.S. 501(c)3 non-profit organization