Varshaben Nitinbhai Raval
Loan requested $181.82
Loan issued $181.82
Funds raised $181.82
Funds released $0.00
Sector Retail
Repayment term in months 12.0

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About Varshaben Nitinbhai Raval

Varshaben is 29 years old married woman. She wants to start her business of selling flowers. She will utilize this loan to start her regular flower selling business which she does occasionally right now. She plans to sell flowers in urban markets, shops and homes. This loan would help her to purchase supplies and cover operational expenses of the business. She hopes to improve her family income with this business. Her husband works as a daily wager and hence she dreams to start this business in order to improve their living condition 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
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Funders to this entrepreneur

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Ms. M
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Shalini Jain
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parlett is a U.S. 501(c)3 non-profit organization