Preeti is 29 years old woman from Gujarat. She is involved in sewing work. Her challenge is the lack of capital to expand her business. She plans to use this loan for purchasing fabrics in bulk. Bulk purchase will allow her to purchase fabrics at lower costs. Also this will enable her to prepare more dress items for sale. She wants to have a stable cloth selling business. She hopes that with hard work and financial support, she will be able to support her family comfortably.
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.