View Loan: Viginia Njoki Njoroge | Loans

Viginia Njoki Njoroge
Consumer Goods - Retail, Kenya

Virginia is working towards being the main dealer for male clothes and shoes in Zimmerman, She will use the loan to acquire more in fashion clothes and shoes, she intends to import clothes from Uganda, the loan will help boost her income and enableto educate her children.

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Status

Status

Started repaying as of 29/05/2012.

Investments

100% of €325 funded by 21 investors.

Repayments

52% repaid. 62% should have been repaid by now according to loan contract. Repayment is not on track.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	41.68%		≈	€93	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	32.11%	p.a.	≈	€77
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	13.00%	p.a.	≈	€31
Interest to MYC4	6.00%	p.a.	≈	€14
Interest to investors	13.11%	p.a.	≈	€32
Total fee	5.00%		≈	€16
Fee to provider	0.00%		≈	€0
Fee to administrator	3.00%		≈	€10
Fee to MYC4	2.00%		≈	€7

Partner

Amount	€325
Currency	Kenyan Shilling
Investor interest rate	16.00% p.a.
Current investor interest rate	13.11% p.a.
Total cost for business (APR)	41.68% ≈ €93
Payback period	18 months (no grace period)
Collateral & security	Group Guarantee,savings and house hold items

Provider	KEEF
Administrator	KEEF
Product	KEEF OKOA LOAN

Viginia Njoki Njoroge
Consumer Goods - Retail, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

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Viginia Njoki Njoroge Consumer Goods - Retail, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Viginia Njoki Njoroge
Consumer Goods - Retail, Kenya