Jayshriben is running a home based tailoring business. With this loan, she is planning to purchase dress material for stitching blouses and petticoats (commonly used by women in Indian). Hence she would be able to start her small shop of readymade clothes too, along with the tailoring business. With current tailoring work, she is earning stitching charges. By selling readymade dress items she would be able to earn better income. She is also planning to purchase a new stitching machine with this loan. This would improve her efficiency and enable her to complete orders on time.
Note: Government regulations in India permit our partner to repay funds sent by UnitedProsperity.org only after 3 years. On the other hand many individual lenders like to get repaid sooner. To make repayments to individual lenders in line with the loan term specified on the borrower profile we will publish additional borrower profiles and the funds raised for these borrowers will be used for making repayments to lenders who had funded borrowers in previous months. In case we are unable to raise funds in time for the additional borrower profiles, then the repayments to lenders could get delayed by a few months in certain cases and upto a maximum of 3 years. We want you to be aware of the risk of delayed repayment for loans from India.
The delayed repayment risk gets mitigated if there are new lenders coming to fund loans. Hence please invite your friends and family to join you in lending.