Chandrikaben is 33 years old married woman. She and her husband run festoon selling business. With this loan they hope to expand their business. This loan would enable them to purchase additional stocks. She is looking forward to purchase festoons in bulk from wholesale market. Bulk purchasing will help her to get the supplies at substantially lower costs. Then along with her husband she will sell the festoons in the local markets. Her goal for the future is to continue growing the business so that she can give her family a good and stable life.
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.