Ramilaben is 36 years old woman based in Ahmedabad, India. She runs a small business of readymade garment selling from her home since 4 years. She purchases readymade garments from wholesalers and resells them in nearby areas. Presently she sells sarees, dress materials and dupattas (used by women in India). She has three children. Two of them have joined the school but many times she faces difficulties in managing their educational expenses. She wants her children to continue their education and hence she wants to work even harder and earn more. With the loan amount she hopes to expand her customer base and fulfil her dream of better education and good health to her 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.