Parulben Jaghdiskumar Chavda
Loan requested $176.37
Loan issued $176.37
Funds raised $176.37
Sector Services
Repayment term in months 12.0

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About Parulben Jaghdiskumar Chavda

Parulben is 35 years old married woman. She is involved in tailoring business. She wants to expand her business. She hopes to improve her standard of living and meet the growing needs of her family. She wants to give proper education to her children. She has four members in her family including her husband and two kids. Her husband is an auto-driver. His monthly income is 5000. With this loan, she will purchase dress material in bulk from wholesale market. Then she will prepare and sell readymade dresses in the nearby local markets and her existing 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 = $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

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Bhattad Family
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Anonymous is a U.S. 501(c)3 non-profit organization