View Loan: George Gatauwa | Loans

George Gatauwa
Transportation - Services, Kenya

George Gatauwa requires the facility in order to increase his working capital requirements.The funds will be used to purchase a car to be used to provide taxi services.This will enable him increase his sales from the services he provides.

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Status

Status	Not funded as of 02/05/2012.
Investments	100% of €1,295 funded by 57 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	50.95%		≈	€383	Yearly and total values The APR in the first row always shows an annual value (Annual Percentage Rate). The total cost for the business as a monetary value in the second row however, is not an annual value, but is the sum of interests and fees paid for the whole period of the loan. Furthermore, the amounts in EUR are approximate and do not reflect currency rates and late repayments
Total interest	46.08%	p.a.	≈	€357
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	22.00%	p.a.	≈	€170
Interest to MYC4	6.00%	p.a.	≈	€46
Interest to investors	18.08%	p.a.	≈	€140
Total fee	2.00%		≈	€26
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€26

Partner

Amount	€1,295
Currency	Kenyan Shilling
Investor interest rate	12.00% p.a.
Current investor interest rate	18.08% p.a.
Total cost for business (APR)	50.95% ≈ €383
Payback period	15 months (no grace period)
Collateral & security	The facility is secured by household assets.

Provider	Micro Africa Ltd
Administrator	MicroKenya
Product	Kenya Group Loan 2

George Gatauwa
Transportation - Services, Kenya

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George Gatauwa Transportation - Services, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

George Gatauwa
Transportation - Services, Kenya