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Uwacu
Consumer Goods - Retail, Rwanda

Uwacu is a repeat client. She is coming for a loan facility of 679 Euros to be serviced in nine months. The purpose of this loan is to help her to repair her car taxi. This will help her to meet the requirement of taxi car in Rwanda.

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Status

Status	Fully repaid as of 10/08/2012.
Investments	100% of €679 funded by 57 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	59.30%		≈	€138	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	51.38%	p.a.	≈	€125
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€87
Interest to MYC4	6.00%	p.a.	≈	€15
Interest to investors	9.38%	p.a.	≈	€23
Total fee	2.00%		≈	€14
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€14

Partner

Amount	€679
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	9.38% p.a.
Total cost for business (APR)	59.30% ≈ €138
Payback period	9 months (no grace period)
Collateral & security	She is giving to us collateral of a car value of 9876 Euros.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Uwacu
Consumer Goods - Retail, Rwanda

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Uwacu Consumer Goods - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Uwacu
Consumer Goods - Retail, Rwanda