Chandrikaben Nareshbhai Solanki
Loan requested $272.73
Loan issued $272.73
Funds raised $272.73
Funds released $0.00
Sector Handicraft
Repayment term in months 12.0


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About Chandrikaben Nareshbhai Solanki

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.


Partner MFI
Name: Prayas Year Founded: 1997
Partner Since: 2013 Interest Rate: 26.0 %
Target Clients: Women and Socio-economically deprived
Repayment overview

Total Funded Amount = $272.73
Total Loan Amount = $272.73

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
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Funders to this entrepreneur

chiradeep
Investor Image
Anonymous
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization