Loan Summary
Simion Ndonga (MS-001)
Normal Loan
KES 100,000.00
+ KES 5,000.00
KES 105,000.00
Reducing Balance Schedule
Monthly breakdown of interest and principal reduction.
| MONTH | INTEREST | PRINCIPAL | INSTALLMENT | BALANCE |
|---|---|---|---|---|
| Month 1 | KES 1,575.00 | KES 20,330.92 | KES 21,905.92 | KES 84,669.08 |
| Month 2 | KES 1,270.04 | KES 20,635.88 | KES 21,905.92 | KES 64,033.20 |
| Month 3 | KES 960.50 | KES 20,945.42 | KES 21,905.92 | KES 43,087.77 |
| Month 4 | KES 646.32 | KES 21,259.60 | KES 21,905.92 | KES 21,828.17 |
| Month 5 | KES 327.42 | KES 21,578.50 | KES 21,905.92 | KES 249.67 |
| Month 6 | KES 3.75 | KES 21,902.17 | KES 21,905.92 | KES 0.00 |
| Month 7 | KES -324.79 | KES 22,230.71 | KES 21,905.92 | KES 0.00 |
| Month 8 | KES -658.25 | KES 22,564.17 | KES 21,905.92 | KES 0.00 |
| Month 9 | KES -996.71 | KES 22,902.63 | KES 21,905.92 | KES 0.00 |
| Month 10 | KES -1,340.25 | KES 23,246.17 | KES 21,905.92 | KES 0.00 |
| Month 11 | KES -1,688.94 | KES 23,594.86 | KES 21,905.92 | KES 0.00 |
| Month 12 | KES -2,042.87 | KES -136,191.04 | KES -138,233.91 | KES 0.00 |