Get Involved for Roger - Ahsetfin - Tegucigalpa - microcredit

Roger - Increase stock

First name: Roger

Gender: Male

Age: 55

Marital status: Single

Number of children: 4

Region: Tegucigalpa

Purpose: Increase stock

Amount: €360

Duration: 8 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.

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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.

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.