Romaben is 43 years old woman. She runs a beauty parlour. Her monthly income from the parlour is INR 6000. She has applied for this loan for expanding her business. She wants to hire few women to work with her in the parlour on part-time basis. This way she would be able to serve more customers. She has four family members including three sons and one daughter. All of her kids are school going. She needs to improve her income to meet the growing needs of her family.
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.