Update on Outstanding Loans

Here's a update on the loans the club made over the past school year, and the amounts repaid since then.

Of the 249 dollars initially invested in loans over the past year since March, $22 from the March and May loans (13.4% of the $164 total) has been repaid, and of that amount, $16 was reinvested over the summer as part of the August loans, resulting in a total investment of $265 dollars over the past year. As a note, the disbursement date is somewhat later than the original investment date - the money for the May and March loans was invested contemporaneously.

As follows are the loan descriptions for our two most recent loans.