This is the Insured Mana Fund's, an investment fund offering loans insured by @crowlsyong's RISK P2P loan insurance system (see here) and managed by me (@GastonKessler).
Ownership:
90% of this fund is owned by the following shareholders
Shareholders:
@GastonKessler: 300 shares
@4fa: 50 shares
@AlexanderTheGreater: 50 shares
@crowlsyong : 200 shares
The remaining 10% are owned by the fund manager:
Please comment if you want to invest in this fund. We are selling 9400 shares for 10 Mana/share for now. The minimal investment amount is 500 Mana.
This fund will pay 75% of it's profits in dividends (paid proportionaly to ownership) at the end of every quarter and reinvest the remaining 25%.
Investors get a say in the decisions of this fund.
Borrowers:
@Robincvgr 4022 Mana to be paid back on April 25th 2027
Total: 4022M
The current interest rates for the following time durations are:
1 month: 3%
2 months: 4%
3 months: 5%
6 months: 8%
1 year: 15%
18 months: 22%
2 years: 29%
more broadly: 2%+ 1%/month(compounded)
If you want to negotiate the interest rate, please message me!
The insurance premium is taken out of the amount lent, calculate it (using full insurance) using the RISK Credit Score app. (×2 because of their risk fee). The interest rate is also applied to the insurance. Any rate at or above 25% probably isn't worth using our system.
The minimal amount of a loan is 500M.
For now, the maximum amount to be paid back/user is ~4000M because of the limited size of this fund, but I ho!pe we will be able to increase it soon
For example: If I wanted to borrow 500 mana for 3 months, with my 11%×2 insurance premium: I would have to pay (500M/(100%-22%*1.05))*1.05=683M 3 months from now.
Early payment: If you want to pay off your loan early, you will only have to pay TOTAL_AMOUNT_OWED*0.994^FULL_MONTHS_REMAINING
Every number above is subject to change and only represents the current values.
