Dipika is 34 years old married woman. She is running a home based tailoring business. She wants to support her family and bring improvement in their standard of living by growing her business. She wants to purchase bulk supplies (dress material) with this loan amount. She plans to prepare readymade clothes from the dress material. She is already preparing readymade clothes but purchasing bulk supplies will reduce her cost of production substantially. She hopes to attract more customers by offering readymade clothes.
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.