Seemaben runs a tailoring business from her home. By virtue of her hard work and timely deliveries, she has developed good customer base from near by colonies. Now she wants to hire one person who can help her in managing the increasing customer requests. She also wants to purchase two new sewing machines.Therefore she has applied for the loan. Her husband Indrapal also helps her in this business. They have two school going children.
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.