Meenaben Kamleshbhai Shrimali
Loan requested $272.73
Loan issued $272.73
Funds raised $272.73
Funds released $0.00
Sector Retail
Repayment term in months 12.0


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About Meenaben Kamleshbhai Shrimali

Meenaben Kamleshbhai is 37 years old woman from Ahmedabad, India. She runs a small home based cutlery business from one year. She buys cutlery, imitation jewellery from big markets and sells them door to door.Her husband works in a company but his salary is irregular. She has three children to look after. She wants them to study well and have good health. For ensuring their good future, she is looking forward to expand her business. Hence she has a microloan. With loan amount she will buy bulk supplies and as per the feedback of her customers. 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

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Anonymous
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Colette
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Anonymous
Harsh
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Julie
jalotta
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Anonymous
Shubha & Bala
 
 
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