Gitaben is 48 years old married woman. Her husband is an electrician. She runs clothes sewing business from home. Due to shortage of funds she is not able to run her sewing business on regular basis. She is able to purchase fabrics in small quantity right now. With this loan, she will purchase fabrics in bulk and start her cloth selling business with full potential. She hopes to be able to support her family comfortably by expanding her sewing and stitching business.
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.