View Loan: Tusiime Bosco | Loans

Tusiime Bosco
Transportation - Services, Uganda

He is seeking for financial support to boost working capital in his business. He wants to service all the vehicles such that he is able to provide efficient services to his customers. He will be able to make more sales and profits leading to a better life.

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Status

Status	Not funded as of 01/06/2012.
Investments	100% of €8,771 funded by 245 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	54.06%		≈	€4,340	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	45.60%	p.a.	≈	€3,902
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	16.00%	p.a.	≈	€1,369
Interest to MYC4	6.00%	p.a.	≈	€513
Interest to investors	23.60%	p.a.	≈	€2,019
Total fee	5.00%		≈	€439
Fee to provider	0.00%		≈	€0
Fee to administrator	3.00%		≈	€263
Fee to MYC4	2.00%		≈	€175

Partner

Amount	€8,771
Currency	Ugandan Shilling
Investor interest rate	20.00% p.a.
Current investor interest rate	23.60% p.a.
Total cost for business (APR)	54.06% ≈ €4,340
Payback period	24 months (no grace period)
Collateral & security	2 Motor vehicles, household chattels and two stable guarantors.

Provider	Gatsby Microfinance Limited
Administrator	Gatsby Microfinance Ltd.
Product	Commercial Investment Loan

Tusiime Bosco
Transportation - Services, Uganda

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Tusiime Bosco Transportation - Services, Uganda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Tusiime Bosco
Transportation - Services, Uganda