About microfinance.
By Radhabhaskar
@Radhabhaskar (71)
India
January 9, 2010 12:17am CST
I would like to start microfinance. I am confused about calculating interest earned from the lent money. Anyone please help to calculate interest, if the amount revolved for a year. for ex - I invest Rs.10000/- in first month fixing flat 12 installments and if I again invest the recovered installments every month, what amount of interest I will get in the last month? i.e. at the end of 12 months.
1 response
@UnnatV (129)
• India
9 Jan 10
Better than anyone halping you to do such a smple task, you can search "finance calulators", etc on the web and find many other useful instruments like tax savers and savings calculator, also debt recovery calulator is found and they are useful.
@Radhabhaskar (71)
• India
10 Jan 10
Thanks for your advice. Actually I searched the web for information mentioning microfinance. The information was not satisfactory thats why I asked here. Anyhow again I will search using the key words given by you.
