Lalitaben is running a tailoring business from her home. She presently has a sewing machine which she bought 5 years ago for starting her business. She is facing some problems with her old sewing machine and it is affecting the quality of her work too. Replacing this old machine with new one will not only save her time but also enable her to grow her business. She is requesting a microloan to purchase a good quality sewing machine and some dress material with the remaining money.
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.