View Loan: Karinijabo | Loans

Karinijabo
Consumer Goods - Retail, Rwanda

Karinijabo comes again for a loan facility of 1486 Euros. The loan will be used to increase his business. She had a business of retail shop but now he needs a loan facility to begin the wholesaling of food items. If he gets the loan he will earn more profit.

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Status

Status

Started repaying as of 18/10/2012.

Investments

100% of €1,486 funded by 53 investors.

Repayments

53% repayed. Repayment is on track.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	60.02%		≈	€405	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	53.74%	p.a.	≈	€376
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€252
Interest to MYC4	6.00%	p.a.	≈	€42
Interest to investors	11.74%	p.a.	≈	€82
Total fee	2.00%		≈	€30
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€30

Partner

Amount	€1,486
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	11.74% p.a.
Total cost for business (APR)	60.02% ≈ €405
Payback period	12 months (no grace period)
Collateral & security	He plegdes a house as security to the loan.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Karinijabo
Consumer Goods - Retail, Rwanda

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Karinijabo Consumer Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Karinijabo
Consumer Goods - Retail, Rwanda