View Loan: Beatrice Mumbi | Loans

Beatrice Mumbi
Real Estate - Services, Kenya

Beatrice runs a rental business in Kahawa West, Nairobi. She would like to use the loan to add more housing units as well as plastering and fitting new doors in the present housing units, to improve the outlook of the rental houses.

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Status

Status	Fully repaid as of 14/01/2010.
Investments	100% of €856 funded by 29 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	38.49%		≈	€149	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	20.47%	p.a.	≈	€89
Interest to provider	5.00%	p.a.	≈	€22
Interest to administrator	2.00%	p.a.	≈	€9
Interest to MYC4	2.00%	p.a.	≈	€9
Interest to investors	11.47%	p.a.	≈	€50
Total fee	7.00%		≈	€60
Fee to provider	3.00%		≈	€26
Fee to administrator	2.00%		≈	€17
Fee to MYC4	2.00%		≈	€17

Partner

Amount	€856
Currency	Kenyan Shilling
Investor interest rate	15.00% p.a.
Current investor interest rate	11.47% p.a.
Total cost for business (APR)	38.49% ≈ €149
Payback period	12 months (no grace period)
Collateral & security

Provider	GrowthAfrica
Administrator	GrowthAfrica
Product	Not Named (41)

Beatrice Mumbi
Real Estate - Services, Kenya

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Beatrice Mumbi Real Estate - Services, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Beatrice Mumbi
Real Estate - Services, Kenya