(Post 86/Year 2 week 23)Investment project updates(Peer to peer lending):Moolahsense(My thirteen and last campaign)

Moolahsense(My thirteen and last 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:April 2018
Amount:S$100,000.00
Tenor: 12 months
Note 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 frequency: Monthly

• Repayment frequency: Will be paid monthly

Target interest rate:18%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: Working capital

Quote from valuepenguin:https://www.valuepenguin.sg/what-is-working-capital

• Working capital: It is a concept to describe a business ability to cover its short-term operating costs
• E.g For this campaign, I have funded $100 into it
• As the target interest rate is 18% PA, this means that at the end of the tenor, which is 6 month I will expect to receive $118
• 100%=$100
• 18%(Interest for 12 month)=$18.00
• 118%(The Principal + the interest)=$100+ $18.00=$118.00
• Since the tenor is 12 months, each month I will receive $9.83(inclusive of interest) in payment/equal installment
• 1month=$118.00/12=$9.83

Summary company profile

• The issuer is a company incorporated in Singapore in 2014
• The Issuer is in the food and beverages industry and has around 10 employees. 
• The Issuer specializes in the retail sale of snack food products (including chips, cookies, chocolates and candies) sourced primarily from Japan. 

Detail of purpose

• The Issuer seeks working capital for the performance of various contracts which have been awarded to the Issuer.

Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned a few weeks ago in my post, that I only mainly use this three ratio: current ratio, quick ratio and debt to equity ratio to decide in investing in a campaign, hence I will be showing its ratio below

The ratio is as follow(left side of the column is for the year 2017/right side of the column is for the year 2016)

Year 2017/Year 2016

(Current ratio 2017:8.53),(Current ratio 2016:10.49)

• A simple ratio of current asset divide by current liabilities
• Current liabilities are debt that needs to clear in the short term(in a year)
• If a company has a current ratio less then 1.0, do not invest in it
• If a company has a current ratio more then 2.0, May consider investing in it
• The higher the current ratio, the better
• For the current ratio of 2016:8.53, it is higher than the recommended range(>2.0)
• For the current ratio of 2017:10.49, it is higher than the recommended range(>2.0)

(Quick ratio 2016:6.52),(Quick ratio 2015:9.54)

• The quick ratio is almost similar to current ratio except that it is assumed that the company does not sell its inventories(e.g Toyota inventory is its car) or stock, it is still able to fulfill its debt
• If the company has a quick ratio of 0.75 and below, do not invest in it
• If the company has a quick ratio of 1.25 and above, May consider investing in it
• The higher the quick ratio the better
• For the quick ratio of 2016:6.52, it is higher than the recommended range(>1.25)
• For the quick ratio of 2017:9.54, it is higher than the recommended range(>1.25)




(Total liabilities/equity 2016:0.3),(Total liabilities/equity 2015:0.41)





• The debt ratio is calculated by total liabilities divided by the equity
• If the company has a debt ratio of 1.5 and above, do not invest in it
• The company should essentially have a debt ratio of 1.0, if the debt ratio is below 0.75, do consider investing in it
• The lower the debt to equity ratio the better
• For the Total liabilities/equity of 2016:0.3 it is within the recommended range(<0.75)
• For the Total liabilities/equity of 2017:0.41, it is within the recommended range(<0.75)

Why did I invest in this loan?

• All current ratio,quick ratio and total liabilities/equity ratio meet the requirement,hence invested in it

Repayment schedule?

link on how too read the effective interest rate for moolahsense:http://letscrowdsmarter.com/understanding-interest-rates/

Monthly interest rate:interest/start balance=$1.50/$100=1.5%(Percentage conversion must *100)

Effective interest rate:1.5%*12=18% same as the target interest rate at 18%(see the top of the post))

From the above picture, you can see that the Net repayment is at $9.08 instead of the $9.83 that I have mentioned above at the working capital, hence I will do a calculation here again

1-month repayment:$9.08

12-month repayment:$9.08*12=$108.96

$100(the amount I put in this campaign=100%

$108.96=(100/100)*108.96=108.96

108.96%-100%=8.96%

The target interest rate as you can see in my above post is at around 18%P.A, after taking into account of the tenor rate being 12 months, which is 18 % and comparing it to 8.96% its almost 10% difference(i shall call this net interest rate instead)in this campaign. To conclude, this means that if you invest in a (18%P. A) high-interest rate campaign in moolahsense which has a tenor rate for 12 months, you will get only about 8.96%

The reason for quitting moolahsense is because I prefer investing in stock and also some of the delinquent payment via moolahsense, that's why this is the last campaign in moolahsense, who knows i will return in the future?

Do look out for future update on this blog!

(Post 77/week 59)Investment project update:Posb invest saver JAN 2019 summary + dividend

Posb invest saver update(JAN 2019)

My POSB invest saver update for the month of Dec, read here

Regular saving plan updates for ABF Singapore Bond Index Fund(A35)

Breakdown of my regular saving plan(A35) this month(JAN 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.129300
Gross sales charge:0.5%
Net sales charge amount:0.5% of 100=$0.50
Net amount invested: Total amount-net sales charge amount=$100-$0.50=$99.50
Units issued: Net amount invested/price per share=$99.50/$1.129300=88 units

Summary: As of 19 JAN, the share price of A35 was at 1.131, has drop from last month, but still quite at the middle with its maximum at 1.25(2011) and its lowest 1.00(2008). Will be watching it for any further movement, once below 1.100 will make a bulk purchase.No change in sentiment from last month.

And also the dividend!

Fund name: ABF Singapore BOND index

Units held:2,255.00000

Dividend per share:$0.026200
Dividend amount:$59.09

Regular saving plan updates for Nikko AM Singapore STI ETF(G3B)

Breakdown of my regular saving plan(G3B) for this month(DEC 2018)

Total amount(regular saving plan)A35:$100
Price per share:$3.280000
Gross sales charge:0.82%
Net sales charge amount:0.82% of $100=$0.82
Net amount invested: Total amount-Net sales charge amount=$100-$0.82=99.18
Units issued: Net amount invested/price per share=$99.18/$3.280000=30 units

Summary: As of 19 JAN, the share price of G3B is at 3.274 and ES3 is at 3.29. Both ES3 and G3B has been on a Uptrend,but how long will this last? 

And also the dividend!

Fund name: NIKKO AM SINGAPORE STI ETF

Units held:235

Dividend per share:$0.059700
Dividend amount:$14.03

(Current regular saving plan portfolio)

(When you trade long term through dollar cost averaging, no need to worry about the red:D)

Don't forget to DYODD(Do your own due diligence!)

(Post 75/week 56)Investment project updates(Peer to peer lending):Moolahsense(My twelfth campaign)

Moolahsense(My twelfth 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:Mar 2018
Amount:S$50,000.00
Tenor: 6 months
Note type: Equal installment

Quote from 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 frequency: Monthly

• Repayment frequency: Will be paid monthly

Target interest rate:24%P.A

• 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: Working capital

Quote from valuepenguin:https://www.valuepenguin.sg/what-is-working-capital

• Working capital: It is a concept to describe a business ability to cover its short-term operating costs
• E.g For this campaign, I have funded $100 into it
• As the target interest rate is 24% PA, this means that at the end of the tenor, which is 6 month I will expect to receive $112
• 100%=$100
• 12%(Interest for 6 month)=$12.00
• 112%(The Principal + the interest)=$100+ $12.00=$112.00
• Since the tenor is 6 months, each month I will receive $18.76(inclusive of interest) in payment/equal installment
• 1month=$112.00/6=$18.66

Summary company profile

• The issuer is a company incorporated in Singapore in 2014
• The Issuer is in the manufacturing industry and has around 10 employees.  
• The Issuer specializes in the manufacture of wooden containers and crates for industrial packaging purposes.

Detail of purpose

• The Issuer seeks working capital for the performance of various container manufacturing contracts which have been awarded to the Issuer.

Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned a few weeks ago in my post, that I only mainly use this three ratio: current ratio, quick ratio and debt to equity ratio to decide in investing in a campaign, hence I will be showing its ratio below

The ratio is as follow(left side of the column is for the year 2017/right side of the column is for the year 2016)

Year 2017/Year 2016

(Current ratio 2017:2.57),(Current ratio 2016:5.2)

• A simple ratio of current asset divide by current liabilities
• Current liabilities are debt that needs to clear in the short term(in a year)
• If a company has a current ratio less then 1.0, do not invest in it
• If a company has a current ratio more then 2.0, May consider investing in it
• The higher the current ratio, the better
• For the current ratio of 2016:2.57, it is higher than the recommended range(>2.0)
• For the current ratio of 2017:5.2, it is higher than the recommended range(>2.0)

(Quick ratio 2016:2.57),(Quick ratio 2015:5.2)

• The quick ratio is almost similar to current ratio except that it is assumed that the company does not sell its inventories(e.g Toyota inventory is its car) or stock, it is still able to fulfill its debt
• If the company has a quick ratio of 0.75 and below, do not invest in it
• If the company has a quick ratio of 1.25 and above, May consider investing in it
• The higher the quick ratio the better
• For the quick ratio of 2016:2.57, it is higher than the recommended range(>1.25)
• For the quick ratio of 2017:1.3, it is higher than the recommended range(>1.25)


(Total liabilities/equity 2016:1.44),(Total liabilities/equity 2015:1.16)





• The debt ratio is calculated by total liabilities divided by the equity
• If the company has a debt ratio of 1.5 and above, do not invest in it
• The company should essentially have a debt ratio of 1.0, if the debt ratio is below 0.75, do consider investing in it
• The lower the debt to equity ratio the better
• For the Total liabilities/equity of 2016:1.44 it is out of the recommended range(<0.75)
• For the Total liabilities/equity of 2017:1.16, it is out of the recommended range(<0.75)

Why did I invest in this loan?

• The current ratio and quick ratio of 2016 along with total liabilities/equity is out of the recommended range,however the current ratio, quick ratio are within the range, taken in to consideration that the loan is only 6 month, I have subcribe to this loan and in fact, the campaign has already ended some time ago and I have received the principal along with the interest

Repayment schedule?

link on how too read the effective interest rate for moolahsense:http://letscrowdsmarter.com/understanding-interest-rates/

Monthly interest rate:interest/start balance=$2/$100=2%(Percentage conversion must *100)

Effective interest rate:2%*6=12%(almost the same as the target interest rate at 12%(see the top of the post))

From the above picture, you can see that the Net repayment is at $17.67 instead of the $18.66 that I have mentioned above at the working capital, hence I will do a calculation here again

1-month repayment:$17.67

6-month repayment:$17.67*6=$106.02

$100(the amount I put in this campaign=100%

$100=(100/100)*106.02=106.02%

106.02%-100%=6.02%

The target interest rate as you can see in my above post is at around 24%P.A, after taking into account of the tenor rate being 6 months, which is 12 % and comparing it to 6.02% its almost 6% difference(i shall call this net interest rate instead)in this campaign. To conclude, this means that if you invest in a (24%P. A) high-interest rate campaign in moolahsense which has a tenor rate for 6 months, you will get only about 6%

Stay tuned to my next week post:moolahsense(my eleventh campaign)!

(Post 71/week 53)Investment project updates(Peer to peer lending):Moolahsense(My eleventh campaign)

Moolahsense(My tenth 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:Mar 2018
Amount:S$100,000.00
Tenor: 12 months
Note type: Callable

Quoting from the SGYoungInvestment

• Callable: In a Callable note, an issuer has an option to early redeem the note on a quarterly basis. If the note is not early redeemed, the issuer pays a quarterly interest. The principal will be fully repaid on the quarter that the redemption is early called or at the maturity date.

Assume that you invested $10k in a campaign at a final note rate of 13.5% p.a. in a Callable note.(Below is a very useful illustration)

                               

Repayment frequency: Quarterly

• Repayment frequency: Every 3 months

Target interest rate:16%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: Working capital

Quote from valuepenguin:https://www.valuepenguin.sg/what-is-working-capital

• Working capital: It is a concept to describe a business ability to cover its short-term operating costs
• E.g For this campaign, I have funded $100 into it
• As the target interest rate is 16%, this means that at the end of the tenor, which is 12 month I will expect to receive $116
• 100%=$100
• 16%(Interest for 12 month/1 years)=$16.00
• 116%(The Principal + the interest)=$100+ $16.00=$116.00
• However, a callable note will only pay the interest and you can redeem (principal) anytime,or you can simply just wait until the end of the tenor to get back the (principal)
• Do note that interest is automatically credit to your moolahsense account holdings

Summary company profile

• The issue is a company incorporated in Singapore in 2007. 
• The Issuer is in the engineering and manufacturing industry and has around 20 employees.
• The Issuer specialises in the design, engineering and manufacturing of components and parts for the aerospace, semi-conductor, automobile and oil & gas industries.

Detail of purpose

• The Issuer seeks funds to provide working capital to perform new sales orders which it has received. The total loan amount sought by the Issuer is SGD 200,000. In addition to this campaign of SGD 100,000, the Issuer may be launching additional campaigns.

Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned a few weeks ago in my post, that I only mainly use this three ratio: current ratio, quick ratio and debt to equity ratio to decide in investing in a campaign, hence I will be showing its ratio below

The ratio is as follow(left side of the column is for the year 2017/right side of the column is for the year 2016)

Year 2017/Year 2016

(Current ratio 2017:4.93),(Current ratio 2016:3.14)

• A simple ratio of current asset divide by current liabilities
• Current liabilities are debt that needs to clear in the short term(in a year)
• If a company has a current ratio less then 1.0, do not invest in it
• If a company has a current ratio more then 2.0, May consider investing in it
• The higher the current ratio, the better
• For the current ratio of 2016:4.93, it is higher than the recommended range(>2.0)
• For the current ratio of 2017:3.14, it is higher than the recommended range(>2.0)

(Quick ratio 2017:4.93),(Quick ratio 2016:3.14)

• The quick ratio is almost similar to current ratio except that it is assumed that the company does not sell its inventories(e.g Toyota inventory is its car) or stock, it is still able to fulfill its debt
• If the company has a quick ratio of 0.75 and below, do not invest in it
• If the company has a quick ratio of 1.25 and above, May consider investing in it
• The higher the quick ratio the better
• For the quick ratio of 2016:4.93, it is higher than the recommended range(>1.25)
• For the quick ratio of 2017:3.14, it is higher than the recommended range(>1.25)


(Total liabilities/equity 2017:0.79),(Total liabilities/equity 2016:0.95)





• The debt ratio is calculated by total liabilities divided by the equity
• If the company has a debt ratio of 1.5 and above, do not invest in it
• The company should essentially have a debt ratio of 1.0, if the debt ratio is below 0.75, do consider investing in it
• The lower the debt to equity ratio the better
• For the Total liabilities/equity of 2016:0.95 it is out of the recommended range(<0.75)
• For the Total liabilities/equity of 2017:0.79, it is out of the recommended range(<0.75)

Why did I invest in this loan?

• The current ratio and quick ratio of 2016 and 2017 is higher than the recommended range, however, the total liabilities/equity of 2016 and 2017 are out of the recommended range/The total liabilities/equity are improving from 2016 to 2017, hence I believe it will continue to improve in 2018. And so, I have decided to invest in this campaign

• As the moment of writing, this loan is still ongoing and there is no late payment so far

Repayment schedule?

link on how too read the effective interest rate for moolahsense:http://letscrowdsmarter.com/understanding-interest-rates/

As this is a callable note, that is different from the usual equal installment, the company will pay out an interest every month and you can redraw your principal anytime, or you can simply just collect interest until the end of the campaign

Total net payment=$102.96+$3.96+$3.96+$3.96=$114.84

remember I stated at the top of the post that the amount to be returned to me is $116, well $114.84 seem pretty close as about $1.16 are used to pay the moolahsense servicing fee

For callable campaign, you get exactly the amount stated in the campaign interest(no funny trick unlike equal installment campaign)

that's all for this campaign, left a few more moolahsense campaign and we are done!

(Post 69/week 52)Investment project update part 2:Posb invest saver DEC 2018 summary

Posb invest saver update(Dec 2018)

My POSB invest saver update for the month of May, read here
My POSB invest saver update for the month of June, read here
My POSB invest saver update for the month of July, read here
My POSB invest saver update for the month of Aug, read here
My POSB invest saver update for the month of Sept, read here
My POSB invest saver update for the month of Oct, read here
My POSB invest saver update for the month of Nov, read here

Regular saving plan updates for ABF Singapore Bond Index Fund(A35)

Breakdown of my regular saving plan(A35) this month(Dec 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.149300
Gross sales charge:0.5%
Net sales charge amount:0.5% of 100=$0.50
Net amount invested: Total amount-net sales charge amount=$100-$0.50=$99.50
Units issued: Net amount invested/price per share=$99.50/$1.149300=86 units

Summary: As of 23 Nov, the share price of A35 was at 1.157, has went up from last month, but still quite at the middle with its maximum at 1.25(2011) and its lowest 1.00(2008). Will be watching it for any further movement, once below 1.100 will make a bulk purchase.No change in sentiment from last month.The increase is probably due to the STI ETF(ES3) dropping these few day(when stock drop,bond increase)

Regular saving plan updates for Nikko AM Singapore STI ETF(G3B)

Breakdown of my regular saving plan(G3B) for this month(DEC 2018)

Total amount(regular saving plan)A35:$100
Price per share:$3.235700
Gross sales charge:0.82%
Net sales charge amount:0.82% of $100=$0.82
Net amount invested: Total amount-Net sales charge amount=$100-$0.82=99.18
Units issued: Net amount invested/price per share=$99.18/$3.235700=30 units

Summary: As of 23 DEC 2018, the share price of G3B is at 3.18 and ES3 is at 3.10. Both ES3 and G3B has been on a downtrend, will ES3 drop below 3.00?. I think there is still a possibility.  Will continue to be watching it along with A35.Great time to purchase in bulk!

(Current regular saving plan portfolio)

(When you trade long term through dollar cost averaging, no need to worry about the red:D)

Don't forget to DYODD(Do your own due diligence!)

(Post 66/week 51)Investment project updates(Peer to peer lending):Moolahsense(My tenth campaign)

Moolahsense(My tenth 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:Mar 2018
Amount:S$100,000.00
Tenor: 12 months
Note 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 frequency: Monthly

• Repayment frequency: Will be paid monthly

Target interest rate:17%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: Working capital

Quote from valuepenguin:https://www.valuepenguin.sg/what-is-working-capital

• Working capital: It is a concept to describe a business ability to cover its short-term operating costs
• E.g For this campaign, I have funded $100 into it
• As the target interest rate is 17%, this means that at the end of the tenor, which is 12 month I will expect to receive $117
• 100%=$100
• 17%(Interest for 12 month/1 years)=$17.00
• 117%(The Principal + the interest)=$100+ $17.00=$117.00
• Since the tenor is 12 months, each month I will receive $9.75(inclusive of interest) in payment/equal installment
• 1month=$117/12=$9.75

Summary company profile

• The issuer is a company incorporated in Singapore in 2010.
• The Issuer is in the building and construction industry and has around 40 employees. 
• The Issuer specializes in scaffolding works.
• The Issuer is registered with the Building and Construction Authority as a Registered Contractor for Formwork (i.e. scaffolding) and for Air-Conditioning, Refrigeration & Ventilation Works
• The Issuer is a member of the Association of Process Industry, a trade association for businesses in the petroleum, petrochemical and pharmaceutical sectors, as well as engineering companies which provide facility maintenance and construction services for those sectors

Detail of purpose

• The Issuer seeks working capital for the performance of various scaffolding works contracts which have been awarded to the Issuer.

Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned a few weeks ago in my post, that I only mainly use this three ratio: current ratio, quick ratio and debt to equity ratio to decide in investing in a campaign, hence I will be showing its ratio below

The ratio is as follow(left side of the column is for the year 2017/right side of the column is for the year 2016)

Year 2017/Year 2016

(Current ratio 2017:2.28),(Current ratio 2016:1.8)

• A simple ratio of current asset divide by current liabilities
• Current liabilities are debt that needs to clear in the short term(in a year)
• If a company has a current ratio less then 1.0, do not invest in it
• If a company has a current ratio more then 2.0, May consider investing in it
• The higher the current ratio, the better
• For the current ratio of 2016:1.8, it is lower than the recommended range(>2.0)
• For the current ratio of 2017:2.28, it is higher than the recommended range(>2.0)

(Quick ratio 2016:1.3),(Quick ratio 2015:1.09)

• The quick ratio is almost similar to current ratio except that it is assumed that the company does not sell its inventories(e.g Toyota inventory is its car) or stock, it is still able to fulfill its debt
• If the company has a quick ratio of 0.75 and below, do not invest in it
• If the company has a quick ratio of 1.25 and above, May consider investing in it
• The higher the quick ratio the better
• For the quick ratio of 2016:1.09, it is lower than the recommended range(>1.25)
• For the quick ratio of 2017:1.3, it is higher than the recommended range(>1.25)


(Total liabilities/equity 2016:0.79),(Total liabilities/equity 2015:1.19)





• The debt ratio is calculated by total liabilities divided by the equity
• If the company has a debt ratio of 1.5 and above, do not invest in it
• The company should essentially have a debt ratio of 1.0, if the debt ratio is below 0.75, do consider investing in it
• The lower the debt to equity ratio the better
• For the Total liabilities/equity of 2016:1.19 it is out of the recommended range(<0.75)
• For the Total liabilities/equity of 2017:0.79, it is out of the recommended range(<0.75)

Why did I invest in this loan?

• The current ratio and quick ratio of 2016 along with total liabilities/equity is out of the recommended range,however the current ratio,quick ratio and total liabilities/equity has improve from 2016 to 2017,hence i believe it will continue to improve in 2018.Hence,i have decided to invest

• As the moment of writing, this loan is still ongoing and there is no late payment so far

Repayment schedule?

link on how too read the effective interest rate for moolahsense:http://letscrowdsmarter.com/understanding-interest-rates/

Monthly interest rate:interest/start balance=$1.42/$100=1.42%(Percentage conversion must *100)

Effective interest rate:1.42%*12=17.04%(almost the same as the target interest rate at 17%(see top of the post))

From the above picture, you can see that the Net repayment is at $9.03 instead of the $9.75 that I have mentioned above at the working capital, hence I will do a calculation here again

1-month repayment:$9.03

6-month repayment:$9.03*12=$108.36

$100(the amount I put in this campaign=100%

$100=(100/100)*108.36=108.36%

108.96%-100%=8.36%

The target interest rate as you can see in my above post is at around 17%P.A, after taking into account of the tenor rate being 12 months compared to 8.36% its almost 10% difference(i shall call this net interest rate instead)in this campaign. To conclude, this means that if you invest in a (17%P. A) high-interest rate campaign in moolahsense, you will get only about 8-9%

Stay tuned to my next week post:moolahsense(my eleventh campaign)!