Jayotshnaben Poonambhai Rajvanshi
Loan requested $272.73
Loan issued $272.73
Funds raised $272.73
Sector Services
Repayment term in months 12.0


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About Jayotshnaben Poonambhai Rajvanshi

Rajvanshi Jayotshnaben runs a home based tailoring business. She is looking forward to grow her business to support her family and improve their standard of living. She started this business few years ago for supporting her family. Right now she is serving customers from the local area. With this loan, she plans to purchase unstitched fabrics and prepare readymade dress items from it. By getting this loan she will be able to continue working to increase sales and retain her active customers. She wants to provide more options to her customers to increase her sales. They can purchase dress material from her or they can choose from her stock of readymade items. 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.


Partner MFI
Name: Prayas Year Founded: 1997
Partner Since: 2013 Interest Rate: 26.0 %
Target Clients: Women and Socio-economically deprived
Repayment overview

Total Funded Amount = $272.73
Total Loan Amount = $272.73

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
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Funders to this entrepreneur

ColemanAZ
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Anonymous
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Colette
Shubha & Bala
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization