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Sales
Honduras
Loan amount €540
Funded 100%
by 10 members
Project closed to funding, awaiting disbursement to MFI
Disbursement date: 08/01/2022
Final repayment of the loan: 08/01/2023
| MicroWorld's investors have funded: | €540 |
Ángel - Purchase goods
Borrower
First name:
Ángel
Gender:
Male
Age:
32
Marital status:
Other
Number of children:
2
Region:
Tegucigalpa
Loan Request
Purpose:
Purchase goods
Amount:
€540
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
MFI Status
- Partnership status: Confirmed
- Credit score:
- Time on MicroWorld: 56 months
- Repayment rate: 33.33%
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.
