View Loan: Hadijah Abdul Karim | Loans

Hadijah Abdul Karim
Retail, Kenya

Hadijah runs a general household items shop in Nairobi. She sells items such as home decorative items, ornaments, beauty products, etc. With the loan she intends to purchase additional stock for her business.

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Status

Status

Defaulted as of 17/08/2009.

Investments

100% of €2,785 funded by 84 investors.

Repayments

14% repaid. 100% should have been repaid by now according to loan contract. Repayment is not on track.

Key Figures

Other Loans

Costs for Business

Total cost for business (APR)	38.13%		≈	€485	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	21.39%	p.a.	≈	€304
Interest to provider	4.00%	p.a.	≈	€57
Interest to administrator	2.00%	p.a.	≈	€28
Interest to MYC4	2.00%	p.a.	≈	€28
Interest to investors	13.39%	p.a.	≈	€190
Total fee	6.50%		≈	€181
Fee to provider	2.50%		≈	€70
Fee to administrator	2.00%		≈	€56
Fee to MYC4	2.00%		≈	€56

Partner

Amount	€2,785
Currency	Kenyan Shilling
Investor interest rate	16.00% p.a.
Current investor interest rate	13.39% p.a.
Total cost for business (APR)	38.13% ≈ €485
Payback period	12 months (no grace period)
Collateral & security

Provider	GrowthAfrica
Administrator	GrowthAfrica
Product	Not Named (36)

Hadijah Abdul Karim
Retail, Kenya

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Hadijah Abdul Karim Retail, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Hadijah Abdul Karim
Retail, Kenya