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 7,175.00 | KES 8,750.00 | KES 97,825.00 |
| Month 2 | KES 1,467.38 | KES 7,282.63 | KES 8,750.00 | KES 90,542.38 |
| Month 3 | KES 1,358.14 | KES 7,391.86 | KES 8,750.00 | KES 83,150.51 |
| Month 4 | KES 1,247.26 | KES 7,502.74 | KES 8,750.00 | KES 75,647.77 |
| Month 5 | KES 1,134.72 | KES 7,615.28 | KES 8,750.00 | KES 68,032.48 |
| Month 6 | KES 1,020.49 | KES 7,729.51 | KES 8,750.00 | KES 60,302.97 |
| Month 7 | KES 904.54 | KES 7,845.46 | KES 8,750.00 | KES 52,457.52 |
| Month 8 | KES 786.86 | KES 7,963.14 | KES 8,750.00 | KES 44,494.38 |
| Month 9 | KES 667.42 | KES 8,082.58 | KES 8,750.00 | KES 36,411.80 |
| Month 10 | KES 546.18 | KES 8,203.82 | KES 8,750.00 | KES 28,207.97 |
| Month 11 | KES 423.12 | KES 8,326.88 | KES 8,750.00 | KES 19,881.09 |
| Month 12 | KES 298.22 | KES 19,881.09 | KES 20,179.31 | KES 0.00 |