Microfinance Fadima (MIFA) SA is a microfinance institution in Burkina Faso. We offer loans over a period ranging from 3 months to 5 years with interest rates varying between 10% and 15%. For example, a loan for an individual of 10,000,000 FCFA for a period of 2 years:
Duration credit 24
monthly repayment frequency
Number of payments 24
duration in year 2
Interest rate 12.00%
total interest 2,400,000 FCFA
Schedule 516,667 FCFA
Application fee 22,125 FCFA
Management fees 118,000 FCFA
Insurance 0
total costs 2,540,125 FCFA
APR 12.877022569 FCFA
The total cost of credit will be 12,540,125 FCFA.