View Loan: Awenu Patrick | Loans

Awenu Patrick
Durable Goods - Retail, Uganda

Patrick seeks for a loan in order to boost his business. Once given this loan,he intends to buy more stock and materials for metallic cases.This will help him to supply more customers thus more revenue earnings.

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Status

Status	Fully repaid as of 11/03/2011.
Investments	100% of €777 funded by 28 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	46.05%		≈	€163	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	32.19%	p.a.	≈	€124
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	16.00%	p.a.	≈	€62
Interest to MYC4	6.00%	p.a.	≈	€23
Interest to investors	10.19%	p.a.	≈	€39
Total fee	5.00%		≈	€39
Fee to provider	0.00%		≈	€0
Fee to administrator	5.00%		≈	€39
Fee to MYC4	0.00%		≈	€0

Partner

Amount	€777
Currency	Ugandan Shilling
Investor interest rate	14.00% p.a.
Current investor interest rate	10.19% p.a.
Total cost for business (APR)	46.05% ≈ €163
Payback period	12 months (no grace period)
Collateral & security	Unregistered land.

Provider	Gatsby Microfinance Limited
Administrator	Gatsby Microfinance Ltd.
Product	Gatsby Club Loan

Awenu Patrick
Durable Goods - Retail, Uganda

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Awenu Patrick Durable Goods - Retail, Uganda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Awenu Patrick
Durable Goods - Retail, Uganda