Kiranben is 37 years old married woman. Her husband Triloksinh does light fitting work. She is involved in saree selling work. She is requesting the loan for purchasing sarees in bulk from wholesale market. Due to the shortage of fund she purchases selling items in low quantities on regular basis. This increases cost price per saree. With this loan, she plans to purchase sarees in bulk and increase her profits.
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.