Loan Illustration

Requiere ser financiado para compra de mayor volumen de producto…

Trade Sales

Honduras Honduras

Loan amount €760

Funded 100%

by 9 members

Project closed to funding, awaiting disbursement to MFI

Disbursement date: 05/01/2021
Final repayment of the loan: 05/01/2022

MicroWorld's investors have funded: €760

Melvin - Increase stock

Borrower

First name: Melvin
Gender: Male
Age: 20
Marital status: Co-habiting
Number of children: 0
Region: Tegucigalpa

Loan Request

Purpose: Increase stock
Amount: €760
Duration: 12 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Requiere ser financiado para compra de mayor volumen de producto

Economic and social context

Honduras

Honduras

MFI Status

This loan is managed locally by our field partner Ahsetfin which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.

The MFI