View Loan: Vivan Chepkoech Kosgei | Loans

Vivan Chepkoech Kosgei
Personal Care - Services, Kenya

Vivan Chepkoech Kosgei requires the facility in order to increase her working capital requirements. The funds will be used to purchase saloon equipment to cater for the increase in demand for the services she renders.

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Status

Status	Fully repaid as of 21/09/2012.
Investments	100% of €276 funded by 27 investors.

Key Figures

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Costs for Business

Total cost for business (APR)	50.29%		≈	€34	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	39.97%	p.a.	≈	€28
Interest to provider	0.00%	p.a.	≈	€0
Interest to administrator	22.00%	p.a.	≈	€15
Interest to MYC4	6.00%	p.a.	≈	€4
Interest to investors	11.97%	p.a.	≈	€8
Total fee	2.00%		≈	€6
Fee to provider	0.00%		≈	€0
Fee to administrator	0.00%		≈	€0
Fee to MYC4	2.00%		≈	€6

Partner

Amount	€276
Currency	Kenyan Shilling
Investor interest rate	12.00% p.a.
Current investor interest rate	11.97% p.a.
Total cost for business (APR)	50.29% ≈ €34
Payback period	6 months (no grace period)
Collateral & security	The facility is secured by household assets.

Provider	Micro Africa Ltd
Administrator	MicroKenya
Product	Kenya Group Loan 2

Vivan Chepkoech Kosgei
Personal Care - Services, Kenya

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Vivan Chepkoech Kosgei Personal Care - Services, Kenya

FOR A NUMBER OF REASONS

SEE HOW MYC4 WORKS

AS FEATURED IN

FEEL FREE TO SHARE

Vivan Chepkoech Kosgei
Personal Care - Services, Kenya