View Loan: Theogene U | Loans

Theogene U
Durable Goods - Retail, Rwanda

He is requesting for a loan facility of 3557 Euros to be paid back in 8 months. The purpose of this loan is to clear his goods in customs. The loan is recommended basing on the performance of his business.

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Status

Status	Not funded as of 05/06/2012.
Investments	100% of €3,557 funded by 114 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	65.82%		≈	€708	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	56.71%	p.a.	≈	€637
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€404
Interest to MYC4	6.00%	p.a.	≈	€67
Interest to investors	14.71%	p.a.	≈	€165
Total fee	2.00%		≈	€71
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€71

Partner

Amount	€3,557
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	14.71% p.a.
Total cost for business (APR)	65.82% ≈ €708
Payback period	8 months (no grace period)
Collateral & security	She has pledged a house as security to the loan facility with a value of 15426 Euros.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Medium Business Loan

Theogene U
Durable Goods - Retail, Rwanda

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Theogene U Durable Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Theogene U
Durable Goods - Retail, Rwanda