View Loan: Furaha P | Loans

Furaha P
Other - Export, Rwanda

He is requesting a credit facility of 3608 Euros to be serviced in 9 months. The purpose of this loan is to help him packaging the finished Products that are waiting to be shipped to India where he has a very big market.

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Status

Status	Fully repaid as of 16/04/2013.
Investments	100% of €3,608 funded by 147 investors.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	61.76%		≈	€762	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	53.71%	p.a.	≈	€689
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€462
Interest to MYC4	6.00%	p.a.	≈	€77
Interest to investors	11.71%	p.a.	≈	€150
Total fee	2.00%		≈	€72
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€72

Partner

Amount	€3,608
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	11.71% p.a.
Total cost for business (APR)	61.76% ≈ €762
Payback period	9 months (no grace period)
Collateral & security	He has a pledged security of a car and house hold assets which are worth 10309 Euros to the loan facility.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Medium Business Loan

Furaha P
Other - Export, Rwanda

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Furaha P Other - Export, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Furaha P
Other - Export, Rwanda