View Loan: Rebero S | Loans

Rebero S
Durable Goods - Retail, Rwanda

He is requesting for a loan facility of 1309 Euros to be paid back in a period of 10 months, the purpose of this loan is to increase the stock of hardware since the number of clients is increasing significantly. Once he gets the loan he will have higher expected profit.

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Status

Status

Started repaying as of 12/11/2012.

Investments

100% of €1,309 funded by 76 investors.

Repayments

66% repayed. Repayment is on track.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	60.84%		≈	€302	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	53.50%	p.a.	≈	€276
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€186
Interest to MYC4	6.00%	p.a.	≈	€31
Interest to investors	11.50%	p.a.	≈	€59
Total fee	2.00%		≈	€26
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€26

Partner

Amount	€1,309
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	11.50% p.a.
Total cost for business (APR)	60.84% ≈ €302
Payback period	10 months (no grace period)
Collateral & security	He is giving a car as collateral.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Rebero S
Durable Goods - Retail, Rwanda

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Rebero S Durable Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Rebero S
Durable Goods - Retail, Rwanda