Afrecash App allows existing and new Customers to Access Credit Services Offered by Open Valley Investment Limited

App allows users to access various loan products for different financial needs.
Loans products have different interest like 10% per Month.
Loan period range from 2 to 10 Months.
A sample Loan repayment plan for a loan of 100,000 as the principal amount is provided below with an Interest rate of 10% to be repaid over a period of 6 Months. The applicable Maximum Annual Percentage Rate (APR) is 120%.

Repayment Plan

Month Installment Amount Loan Balance Clearable Loan Balance
1 22960.74 137764.43 110000
2 22960.74 114803.69 95743.19
3 22960.74 91842.95 80060.7
4 22960.74 68882.21 62809.95
5 22960.74 45921.48 43834.14
6 22960.74 22960.74 22960.74

For example, if a customer chooses to clear the above indicated loan in Month 3, the repayable amount is the Clearable Amount of 80060.7