Sumitraben is a 40 years old woman.She runs a tailoring shop her home. As her home is quite far from the market, she is not able to get enough customers. She wants to move her shop to the market place where she could get more customers. She wants to rent a small shop in the main market. Hence she has requested the loan. She has three children. One of her daughter helps her in the tailoring shop. Her husband Rajubhai is a labor. Their total monthly income is INR 8000.
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.