View Loan: Habimana E | Loans

Habimana E
Durable Goods - Retail, Rwanda

Habimana comes again for a financial assistance of 1865 Euros to be serviced in 12 months. The loan will help him to move from retailing shop to wholesaling. One he gets that opportunity he will have higher expected profit.

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Status

Status	Not funded as of 25/10/2012.
Investments	100% of €1,865 funded by 108 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	63.85%		≈	€537	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	57.39%	p.a.	≈	€499
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€313
Interest to MYC4	6.00%	p.a.	≈	€52
Interest to investors	15.39%	p.a.	≈	€134
Total fee	2.00%		≈	€37
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€37

Partner

Amount	€1,865
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	15.39% p.a.
Total cost for business (APR)	63.85% ≈ €537
Payback period	12 months (no grace period)
Collateral & security	He pledges a house as security to the loan facility.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Habimana E
Durable Goods - Retail, Rwanda

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Habimana E Durable Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Habimana E
Durable Goods - Retail, Rwanda