Meenaben Jitendrakumar Jitendrakumar Gohel
Loan requested $272.73
Loan issued $272.73
Funds raised $272.73
Funds released $0.00
Sector Handicraft
Repayment term in months 12.0

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About Meenaben Jitendrakumar Jitendrakumar Gohel

Meenaben is running Torran selling business. Torran is a handicraft used for decorating houses in Indian towns. Everyday she wakes up in the early hours to complete all her household work as early as possible to begin her Torran making work. At 45, she is full of passion for her small business of making Torran which she started 8 years ago. Presently she buys supplies in limited quantity due to less capital. Also she needs to travels quite far to purchase the supplies, where she is able to get those at the lowest price. With the loan amount she wants to purchase supplies in bulk and save her time as well. Note: Government regulations in India permit our partner to repay funds sent by 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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Shubha & Bala
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Shaival Shah
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42 Crew
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amit b
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