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.