Dipaliben Arvindbhai Nikam
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 Dipaliben Arvindbhai Nikam

Deepaliben is running a tailoring business from her home from two years. She is 32 years old and has 2 children.Her husband is a casual labourer and earns daily wages. His income could hardly meet their household expenses. But Deepaliben was determined to make days better for her family and hence she started this sewing business. At present she has an old machine which she wants to replace. This will improve the quality of her work as well. 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

Investor Image
Sridhar Koneru
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Anonymous
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Anonymous
Shubha & Bala
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization