Bhikhiben Arvindbhai Raval
Loan requested $264.55
Loan issued $264.55
Funds raised $264.55
Sector Retail
Repayment term in months 12.0


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About Bhikhiben Arvindbhai Raval

Bhikhiben is 46 years old married woman. She and her husband are involved in vegetable selling work.They purchase vegetables from mandi (wholesale market) in early morning. Then they spend the whole day in selling vegetables in local markets and colonies. They use a wooden stall to set their shop in the local markets and nearby colonies. With this loan, they will purchase vegetables like potato, onion, garlic in bulk which they can store for longer time. Also this loan will allow them to increase the purchase of other seasonal vegetables for daily selling. Bulk purchasing will reduce the costing price of vegetables substantially. It will help the couple to improve their income and profit. 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 = $264.55
Total Loan Amount = $264.55

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