Germain N
Consumer Goods - Wholesale, Rwanda

He is requesting a credit facility of 2661 Euros to which he will pay back in six months in order to facilitate him in his business. If he gets these funds it will help him to buy more products as this season is favorite for selling baby items.

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Key Figures
Amount €2,661
Currency Rwanda Franc
Investor interest rate 12.00% p.a.
Current investor interest rate 11.17% p.a.
Total cost for business (APR) 64.53% ≈ €400
Payback period 6 months (no grace period)
Collateral & security He has pledged a plot as security to the loan facility.With a value of 6337 Euros.
Status
Status Started repaying as of 14/02/2012.
Investments 100% funded by 121 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 Small Business Loan