…
Sales
Honduras
Loan amount €1,080
Funded 31%
by 6 members
Project open to funding
Only 5 days
to finance: €740
Gabriela - Increase stock
Borrower
First name:
Gabriela
Gender:
Female
Age:
37
Marital status:
Single
Number of children:
Region:
Tegucigalpa
Loan Request
Purpose:
Increase stock
Amount:
€1,080
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: 55 months
- Repayment rate: 100%
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.
