1. When do I receive the first repayments of microentrepreneurs on my Babyloan personal space?

    Repayments are made twice a month.If you have several loans in repayment, you may receive your repayment in two monthly installments. It depends on our partners and it changes according to months and concerned countries.
     

    Please note: in order to be sure you receive the emails informing you about microentrepreneurs repayment, please register in your inbox contacts the following address: suivi@nmp.babyloan.org.
     

    2. When am I repaid for the first time after I made a loan?

    It is the total financing of the project which determines the date of the first repayment. The first repayment of the micoentrepreneur happens about two months after the total financing of the project you supported.
    Please note: You are informed by email of the total financing of the loan. From this date, count on about 2 months. The average financing duration of a project on Babyloan is 9 days.

    Example: you granted a loan to Sophea on 23rd March

    •  If the project was fully financed on 1st April, your first repayment will take place in the month of June.
    •  If the project was fully financed on 29th March, your first repayment will take place in the month of May.
       

    3. I can’t see the repayments of my loan on my personal bank account

    Repayments from the microentrepreneurs are not transferred to your personal bank account but rather to your personal Babyloan account, which can be accessed with your username (or email address) and password.

    4. How is calculated the amount of monthly repayments?

    The amount of repayments is calculated according to the amount of money lent divided by the duration of the loan (example: for a loan of €50 over 10 months, you are repaid €5 per month during 10 months), unless:

    • The amount of the loan is lower than the duration of the loan (example: €20 over 24 months), so you will be repaid €0.8 per month during 23 months and €1.6 on the 24th month.
    • The amount of the loan is higher than the duration of the loan (example: €30 over 24 months), so you will be repaid €1.2 per month during 23 months and €2.4 on the 24th month.

    Please note: the numbers are calculated to the first decimal.
     

    5. How can I withdraw money from my piggy bank and transfer it to my personal bank account?

    You may request for these funds to be withdrawn and transferred to your personal bank account by clicking on the heading “My money” in your personal space, then entering the required amount and your bank details. Transfers to personal accounts take place at the start of the week.

    6. How can I follow the progress of my repayments?

    In your personal space (accessible once you entered your username and your password), a repayment schedule allows you to closely follow the progress of your repayments, providing the following details:

    • The money available in your piggy bank
    • The details of upcoming repayments per project
    • The date of the last repayment
    • The detail of done repayments

    There, you will find all your loan agreements.

    Please note: the upcoming and final repayment fields are populated as soon as the microentrepreneur’s project has been totally financed.

    If you have signed up for the “Babyloan lends on your behalf” option: in your personal account, under the heading “My activity”, the question mark symbol allows you to identify the loans made in your name by Babyloan.