6.Moolahsense(My fifth campaign with Moolahsense)

Note*the company name will not be revealed just like the previous post as my money are still inside moolahsense, haha(this is not a sponsored post by the way)

My first default loan!!!:(

Issuer summary
Date of listing: DEC 2017
Amount:$500
Tenor:6 months
Repayment type: Equal installment

Quoting from the moolahsense website

Equal installment:A promissory note by which an installment of the principal subscription amoung and/or interest accrued and due up to the date of payment shall be payable on such dates as set out in a repayment schedule specified in the promissory note, and on the maturity date, the principal subscription amount would have been paid in full Repayment term: Monthly
Repayment term: Will be paid monthly Target interest rate:24%P.A

Quoting from Moolahsense website

Target interest rate: The maximum rate the issuer is willing to provide the interest on the principal subscription amount which the issuer wished to obtain, as notified in writing by the issue to Moolahsese Purpose: