View Loan: Ruzamba Obed | Loans

Ruzamba Obed
Durable Goods - Retail, Rwanda

He is requesting for a loan facility of 640 Euros to be payable in a period of nine months. The purpose of the loan is to increase the stock. The loan is recommended, as the business has a quite number of customers.

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Status

Status	Fully repaid as of 03/04/2012.
Investments	100% of €640 funded by 30 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	60.30%		≈	€118	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	51.52%	p.a.	≈	€106
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€74
Interest to MYC4	6.00%	p.a.	≈	€12
Interest to investors	9.52%	p.a.	≈	€20
Total fee	2.00%		≈	€13
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€13

Partner

Amount	€640
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	9.52% p.a.
Total cost for business (APR)	60.30% ≈ €118
Payback period	8 months (no grace period)
Collateral & security	She has pledged her land as securities which are worth 1828 Euros.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Ruzamba Obed
Durable Goods - Retail, Rwanda

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Ruzamba Obed Durable Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Ruzamba Obed
Durable Goods - Retail, Rwanda