MIFA Mobile

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.