View Loan: Matono Bilaala | Loans

Matono Bilaala
Consumer Goods - Retail, Uganda

Bilaala wants a second loan in order to transform his business into a wholesale shop. With this loan, he hopes to stock his shop with a variety of commodities. This will widen his client base and consequently increase his monthly turnover.

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Status

Status

Defaulted as of 12/05/2010.

Investments

100% of €1,600 funded by 62 investors.

Repayments

7% 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)	43.70%		≈	€320	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	30.10%	p.a.	≈	€240
Interest to provider	4.00%	p.a.	≈	€32
Interest to administrator	6.00%	p.a.	≈	€48
Interest to MYC4	6.00%	p.a.	≈	€48
Interest to investors	14.10%	p.a.	≈	€112
Total fee	5.00%		≈	€80
Fee to provider	3.00%		≈	€48
Fee to administrator	2.00%		≈	€32
Fee to MYC4	0.00%		≈	€0

Partner

Amount	€1,600
Currency	Ugandan Shilling
Investor interest rate	21.00% p.a.
Current investor interest rate	14.10% p.a.
Total cost for business (APR)	43.70% ≈ €320
Payback period	12 months (no grace period)
Collateral & security	Land agreement

Provider	FED
Administrator	CMC
Product	Micro Business Loan

Matono Bilaala
Consumer Goods - Retail, Uganda

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Matono Bilaala Consumer Goods - Retail, Uganda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Matono Bilaala
Consumer Goods - Retail, Uganda