View Loan: Joyce Akinyi Omiti | Loans

Joyce Akinyi Omiti
Catering & Food - Services, Kenya

Joyce Akinyi Omiti requires the facility in order to increase her disposable income.The funds will be used to purchase more fish stocks as this happens to be a very popular delicacy among her clients and it sells like hot cake. She also wishes to establish another business stall in future.

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Status

Status

Started repaying as of 24/10/2012.

Investments

100% of €460 funded by 24 investors.

Repayments

46% repayed. Repayment is on track.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	40.89%		≈	€89	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	35.47%	p.a.	≈	€80
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	22.00%	p.a.	≈	€50
Interest to MYC4	6.00%	p.a.	≈	€14
Interest to investors	7.47%	p.a.	≈	€17
Total fee	2.00%		≈	€9
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€9

Partner

Amount	€460
Currency	Kenyan Shilling
Investor interest rate	12.00% p.a.
Current investor interest rate	7.47% p.a.
Total cost for business (APR)	40.89% ≈ €89
Payback period	12 months (no grace period)
Collateral & security	The facility is secured by household assets.

Provider	Micro Africa Ltd
Administrator	MicroKenya
Product	Kenya Group Loan 2

Joyce Akinyi Omiti
Catering & Food - Services, Kenya

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Joyce Akinyi Omiti Catering & Food - Services, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Joyce Akinyi Omiti
Catering & Food - Services, Kenya