Firstly, we do not like to use the term ' interest ' as this implies that the loan provider - All Trust Consult is trying to profit from this venture. This is not the case.
The 12% 'interest' is simply a one off ' management fee '. We have calculated that this fee is just enough to cover all the running costs of the All Trust Consult organization.
Note that All Trust Consult is a not for profit Organization which does not pay out any profits to shareholders / owners. Indeed it would be a dream of the All Trust charity to one day being able to offer these loans without a management fee.
Note: The Miss Career Africa competition does not fund winners as individuals, it only funds their business projects, and that is why they should use the loan well, in the names of their projects and repay it back in due time for smooth running of organizational plans.