Interest Rates

For microcredits up to 100 000 CFA (apr 160 USD), with no collateral: 1 % reclining rate

For microcredits above 100 000 CFA, with savings and/or collateral: 1.3 % reclining rate

For Farmers special with crop as collateral: 1 % reclining rate

We have sofisticated software to calculate correct rates and amounts at all time

Repayment plans

As we understand that no entrepreneurship will generate income at the same time, we come up with individual repayment plans for every loantaker.

We also understand that beneficiaries may encounter unforeseen problems or expences.

Therefor we are flexibel as long as the situation is communicated to us. 

Example

A loan is taken of 100 000 cfa.

The individual paymentplan is fixed at 5000 cfa/month

Month 1: Interest 0.01 x 100 000 = 1000 cfa

Repayment: 5000.
Total: 5000+1000= 6000 cfa

Month 2: Interest  0.01 x 95 000 = 950 cfa
Repayment: 5000.
Total: 950+5000=5950 cfa

Month 3: Interest 0.01 x 90 000 = 900 cfa
Repayment: 10 000 (business is going well!!!)

Total: 900+10000=10900 cfa

Month 4: Interest 0.01 x 80 000 = 800 cfa

Repayment: 5000 cfa

Total: 5800 cfa etc, etc until the loan is cleared