As investors, you may have noticed that there seemed to be pending repayments on your accounts that later ceased to appear.
This post seeks to enlighten our investors on the occurrence.
When providers key in repayments on the platform, these amounts appear as pending repayments on investor accounts. Once the funds are validated and received on the platform, the repayments flow into investor accounts. Unfortunately, there have been some loans amounts grouped for repayments but the remittances specified were not received on the platform during the specified time limit hence the funds did not flow into investor accounts. Consequently, the pending repayments were never credited to investor accounts and this is why they no longer appear on the accounts.
MYC4 has urged providers to send the repayments within the specified time limit to avoid such scenarios and we have repayments received as recently as yesterday. Once the repayments are received and validated, they should reflect on investor accounts shortly.
Thank you for your continued support.