Moolahsense(My eighth 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)
Issuer summary
Date of listing:FEB 2018
Amount:$73,000
Tenor: 63 days
Note type: Invoice financing
Quoting from let's crowd smarter website...
Link:http://letscrowdsmarter.com/p2p-invoice-financing/
Equal installment: Invoice financing refers to the sale of accounts receivables by a company for immediate cash. It is a form of short-term financing often used to improve a company’s working capital position. Invoice financing is similar to short-term loans, although there are some differences. In a p2p context, there are 4 parties: the company (or seller of the invoice), the company’s client (or debtor), the p2p platform and the investor.A very useful chart from let's crowd smarter is shown below
Repayment frequency: End of maturity
Repayment frequency: Will be paid at the end of the campaign
Target interest rate:12%P.A
Quoting from Moolahsense website
Target interest rate: The maximum...