Savitaben Kantibhai Patel
Loan requested $181.82
Loan issued $181.82
Funds raised $181.82
Funds released $0.00
Sector Retail
Repayment term in months 12.0

Feed RSS

[Post to Twitter]Tweet this entrepreneur

Bookmark and Share
View members and loans

Spread the word

Encourage your friends and family to join you in supporting the cause of your championed entrepreneur.

Thank your supporters and encourage them to share your cause with their friends.
About Savitaben Kantibhai Patel

Savitaben is 45 years old woman. She runs home based tailoring business. She has customers from neighborhood localities. With this loan, she hopes to grow her business of tailoring by purchasing better sewing machine. Her old sewing machine does not works properly and often she needs to do the detailing work with hands. This is very time consuming and hence she wants to utilize the loan for purchasing a new sewing machine. This will enable her to fulfill orders on time and take new stitching orders as well. She is also looking forward to purchase bulk fabrics with the loan amount. With better sewing machine and dress material she plans to prepare readymade clothes like blouses etc. for selling. This additional service with tailoring would increase her profits. This plan not only enables her to retain her customers but also attract new customers. Note: Government regulations in India permit our partner to repay funds sent by 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 = $181.82
Total Loan Amount = $181.82

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
Comments Add a Comment about this entrepreneur

Please login to add a comment.

Funders to this entrepreneur

Investor Image
Vaishali Khandekar
Investor Image
parlett is a U.S. 501(c)3 non-profit organization