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 and RISK™:
@GastonKessler :7.5%
RISK®:2.5%
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
@evan 3584 Mana to be paid back on April 26th 2027
Total: 7106M
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, we do however a deal reducing the fee by 25%, 2/3 of this reduction is included in your pricing, the multiplier therefore only is 1.67!). 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.
1,000People are also trading
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.
Risk fee
900–1000 Extremely Safe ~5%
800–899 Super Safe ~7%
700–799 Very Safe ~11%
600–699 Safe ~15%
500–599 Moderately Safe ~25%
400–499 A Bit Risky ~45%
300–399 Risky ~75%
200–299 Highly Risky ~110%
100–199 Extremely Risky ~150%
0–99 Outrageously Dangerous ~200%
Coverage fee
C₂₅ – 25% of the loan amount covered with a 2% coverage fee
C₅₀ – 50% of the loan amount covered with a 5% coverage fee
C₇₅ – 75% of the loan amount covered with a 11% coverage fee
C₁₀₀ – 100% of the loan amount covered with a 21% coverage fee
Insurance Fee Calculation:
I=(L×P)+(L×C)
where:
I is the insurance fee
L is the loan amount
P is the risk fee (based on the borrower's credit score)
C is the coverage fee (depending on the selected coverage percentage)
I hope that clarifies it.
These numbers are subject to change as we adjust our rates to match market demand.
Have a nice day.
🦝RISK Recovery Insurance Service Kiosk
