Cooperativa De Ahorro Y Credito Mujeres Unidas (CACMU) is a savings and credit cooperative in Ecuador that is committed to improving the conditions of women and their families in rural areas by providing financial services and products with a focus on social and environmental responsibility.
For the first year, this is the average default rate of the microfinance institution’s (MFI) portfolio. We then report default rate on the platform.
Returns are stated in terms of extended annual internal rate of return (XIRR)
Each loan group is comprised of multiple individual loans that the MFI has made. When you invest in a loan group, you invest in a pro-rata portion of each of the loans in this loan group.
Loans amortize, or gradually pay off, the principal and interest over time. This is different from a bond as you don’t have to wait until the end to receive your principal payment. You will be receiving a portion of the total principal and interest you will receive over the life of the loans with each payment to you.
In the table below, you can find more information regarding the individual loans that make up this loan group.
|Loan Number||Amount||Interest||Duration||Start Date||End Date||Repayment schedule||Loan Product|
|136||$2,500||16.95 %||24 months||4/21/2023||4/21/2025||Monthly||Microcredit - Investment Services|
|137||$2,500||16.95 %||18 months||5/29/2023||11/28/2024||Monthly||Microcredit - Commercial|
|138||$2,500||16.95 %||24 months||5/2/2023||5/1/2025||Monthly||Microcredit - Investment Services|
|139||$3,000||16.95 %||24 months||4/4/2023||4/4/2025||Monthly||Microcredit - Commercial|
|140||$3,000||16.95 %||36 months||4/4/2023||4/4/2026||Monthly||Microcredit - Investment Services|
|141||$3,000||16.95 %||36 months||5/23/2023||5/22/2026||Monthly||Microcredit - Investment Services|
|142||$3,000||16.95 %||24 months||5/9/2023||5/8/2025||Monthly||Microcredit - Services|
|143||$3,000||16.95 %||24 months||5/9/2023||5/8/2025||Monthly||Microcredit - Commercial|
|144||$4,010||14.99 %||48 months||5/29/2023||5/31/2027||Monthly||Microcredit - Agriculture|
|145||$4,850||17.50 %||36 months||5/24/2023||5/23/2026||Monthly||Microcredit - Agriculture|
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