Nsanzurwimo
Transportation - Services, Rwanda

He is requesting a credit facility of 3086 Euros. The purpose of this loan is to purchase some spare parts and Tires. This will help him to increase the income. Once he gets this loan he will be able to to meet the demand.

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Key Figures
Amount €3,086
Currency Rwanda Franc
Investor interest rate 12.00% p.a.
Current investor interest rate 10.68% p.a.
Total cost for business (APR) 64.00% ≈ €461
Payback period 6 months (no grace period)
Collateral & security He is giving a security of a car value 19011 Euros.
Status
Status Started repaying as of 14/02/2012.
Investments 100% funded by 116 investors.
Repayments
0% repayed. Repayment is on track.
Other Loans
Other loans with MYC4 This is the only loan with MYC4.
Costs for Business
Partner
Provider Micro Africa Ltd  
Administrator RML
Product Rwanda Medium Business Loan