View Loan: Aliganyira Robert K | Loans

Aliganyira Robert K
Durable Goods - Extraction, Uganda

Robert is seeking for financial assistance so as he can increase his working capital. Robert says he wants to meet the demands for his timber since its very high now. After he gets a loan he says he will open up a new shop in another location this is to bring the timber closer to the market.

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Status

Status	Fully repaid as of 29/06/2012.
Investments	100% of €1,250 funded by 42 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	51.46%		≈	€283	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	31.49%	p.a.	≈	€195
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	16.00%	p.a.	≈	€99
Interest to MYC4	6.00%	p.a.	≈	€37
Interest to investors	9.49%	p.a.	≈	€59
Total fee	7.00%		≈	€88
Fee to provider	0.00%		≈	€0
Fee to administrator	5.00%		≈	€63
Fee to MYC4	2.00%		≈	€25

Partner

Amount	€1,250
Currency	Ugandan Shilling
Investor interest rate	12.00% p.a.
Current investor interest rate	9.49% p.a.
Total cost for business (APR)	51.46% ≈ €283
Payback period	12 months (no grace period)
Collateral & security	Land

Provider	Gatsby Microfinance Limited
Administrator	Gatsby Microfinance Ltd.
Product	SMALLbiz Investment loan

Aliganyira Robert K
Durable Goods - Extraction, Uganda

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Aliganyira Robert K Durable Goods - Extraction, Uganda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Aliganyira Robert K
Durable Goods - Extraction, Uganda