Ranjanben Kamleshbhai Parmar
Loan requested $176.37
Loan issued $176.37
Funds raised $176.37
Funds released $0.00
Sector Retail
Repayment term in months 12.0

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About Ranjanben Kamleshbhai Parmar

Ranjanben is 31 years old married woman. Her husband works as an office boy in a company. She is planning to start the resale business of Harpic. Harpic is a leading Toilet cleaner brand in India. With this loan she plans to purchase the supplies in bulk from the local Harpic distributor. Purchasing in bulk will allow her to procure the items at discounted rates. Then she will sell these Harpic bottles in the nearby colonies and homes. As it is a commonly used household item she is sure of achieving good sale numbers. She dreams of increasing her monthly family income with this 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.

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 = $176.37
Total Loan Amount = $176.37

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

Gautam Rege
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization