Magumba Muhamad
Consumer Goods - Retail, Uganda

He needs the loan facility to boost his produce business. Muhamad lacks capital yet he has very many customers. By stocking more produce, he will be able to serve very many customers thus get more revenue.

View business
Key Figures
Amount €1,085
Currency Ugandan Shilling
Investor interest rate 14.00% p.a.
Current investor interest rate 12.86% p.a.
Total cost for business (APR) 59.26% ≈ €232
Payback period 10 months (no grace period)
Collateral & security unregistered land.
Status
Status Started repaying as of 09/02/2012.
Investments 100% funded by 73 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