View Loan: Martin John | Loans

Martin John
Farming & Fishing - Retail, Rwanda

He wants to reinforce the business of farming by buying more chickens. He is requesting a credit facility of 654 Euros to which he will pay in period of 6months business. His operating capital is about 6172 Euros.

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Status

Status	Fully repaid as of 19/06/2012.
Investments	100% of €654 funded by 37 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	62.97%		≈	€96	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	51.72%	p.a.	≈	€83
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	36.00%	p.a.	≈	€58
Interest to MYC4	6.00%	p.a.	≈	€10
Interest to investors	9.72%	p.a.	≈	€16
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	€654
Currency	Rwanda Franc
Investor interest rate	12.00% p.a.
Current investor interest rate	9.72% p.a.
Total cost for business (APR)	62.97% ≈ €96
Payback period	6 months (no grace period)
Collateral & security	He has pledged house hold assets and business assets as security to the loan facility.With a value of 2469 Euros.

Provider	Micro Africa Ltd
Administrator	RML
Product	Rwanda Small Business Loan

Martin John
Farming & Fishing - Retail, Rwanda

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Martin John Farming & Fishing - Retail, Rwanda

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Martin John
Farming & Fishing - Retail, Rwanda