Requiere ser financiado para compra de mayor volumen de producto…
Sales
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
MFI Status
- Partnership status: Confirmed
- Credit score:
- Time on MicroWorld: 42 months
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.
