Nirmalaben Ramanlal Solanki
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 Nirmalaben Ramanlal Solanki

Nirmalaben is 47 years old married woman. Her husband Ramanlal is a daily wager. To increase her family income, she is involved in Farsan selling business. Farsan is a collective term used for a type of snacks in Gujarati cuisine, from the Indian state of Gujarat. Some are fried items which are then dried and can be stored, others are fresh or steamed .She sells dried Farsan items. She hopes to grow her business with the loan amount. She plans to purchase Farsan in the bulk from wholesale market. Then she will sell these items in the local markets and nearby colonies. With this loan she wants to expand her business to secure the financial stability of her family. 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 = $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 is a U.S. 501(c)3 non-profit organization