Joyce Nakirijja
Retail, Uganda

Joyce owns a retail shop where she sells mainly household items. She would like to get a second loan so that she can purchase more commodities. This will boost both her sales and monthly turnover.

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Key Figures
Amount €2,000
Currency Ugandan Shilling
Investor interest rate 13.00% p.a.
Current investor interest rate 10.99% p.a.
Total cost for business (APR) 37.95% ≈ €430
Payback period 15 months (no grace period)
Collateral & security
Status
Status Defaulted as of 30/03/2010.
Investments 100% funded by 65 investors.
Repayments
23% repaid. 100% should have been repaid by now according to loan contract. Repayment is not on track.
Other Loans
Other loans with MYC4 This is the only loan with MYC4.
Costs for Business
Partner
Provider FED
Administrator CMC
Product Not Named (84)