Poojaben is involved in clothes (saree) selling trade. Her husband is an employee in a private company but his salary is not enough to meet the growing needs of their family. To meet the growing needs of family, she started this business and she has built a decent client base. Her customers keep demanding new products of their choice of colours and designs. She has requested a microloan in order to purchase supplies in bulk at discounted rates.
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.