Suhashiniben is 32 years old woman. She is involved in saree (common India women wear) sales business. She purchases basic dress material and then prepares decorated sarees. Once prepared a set of sarees, she sells those in the local market and neighborhood societies. She also provides additional services like redesign of old sarees. She will utilize this loan in purchasing fabrics and craft material for preparing sarees. She is requesting for a loan to buy wholesale clothing in order to increase her earnings and in this way offer greater economic stability for her family.
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.