Cancelled loans


Mukasa Richard
Richard needs a loan to buy motor vehicle spare parts such as fun belts and Brake pads. He is a vehicle mechanic by profession and owns a repair workshop in Kajjansi town located opposite Kajjansi police staion approximately 500 meters away from SMUG office. In addition, he owns a spare parts outlet selling various spare parts such as funs belts, brake pads, radiators, front and real lights, indicators, side mirrors, engine oil etc. He has been doing this business since 2013 and there are no notable risks.
Show Details
UGX 1,000,000
10/10/2019
okay 10/10/2019 Richard's loan application has been cancelled according to the advise provided by the group chairperson of Mulembe group Ms Doreen that he is involved in the mismanagement of funds in their village SACCO group. It's construed that he may misuse our loan to pay other pending obligations which may culminate into a loan default in the future.

Nakyanzi Phinah
Nakyanzi is up for a loan to restock the bar with variety of items like 2 crates of beer, sackets of Vodka, Uganda walagi and Omukomboti beer. The business is dull during day with 2 or 3 customers but begins to be vibrant from 7.00 PM EAST to midnight. Virtually many of the bottles were empty in the shelves as she was on her way to order for more stock at the time Sseguku carried out the assessment.
Show Details
UGX 800,000
3/3/2019
Some incidents have indicated that not all members are able to serve their obligations. During the due diligence process, the manager found a staff of another bank taking over one of Phinah's property due loan default. It was evident that her potential to pay future loans is uncertain. We have therefore advised the group to dissolve themselves. The loans are cancelled accordingly.

Birungi Mariciana
Mariciana needs a loan to start a hair salon in Katale Nsalo area. The target area is situated in a distance of 2KM from Lweza cell B where she stays. She already bought a head drier machine and plans to use the loan to buy cosmetics for treating women hair, gloves, chairs, weaves and other items. Since it’s a new business in a new location, it may take some time to break even due lack of customers and competition. However, the vegetable stall business will act as a follow back position for consumption and loan smoothing as the salon gains momentum.
Show Details
UGX 1,000,000
3/3/2019
She was evicted out of her residential house for non-payment of rent and left Lweza B village without informing her group members. It's a delinquent sign which prompted us to cancel her loan.

Kavira Sifa
Sifa needs a group loan to purchase more input materials for making hand-made crafts such as baby elephants and other children dolls. The input materials required include cotton, clothes of type Kitenge, threads and hire more labour. She makes the crafts at her home which saves her of rent and hires ocasionary a few people to help her. Sifa supplies craft products three times a week to craft shops in town. The products have no risks and market is readily available in and around Kampala.
Show Details
UGX 700,000
3/3/2019
Some incidents have indicated that not all members are able to serve their obligations. In particular Sifa showed delinquent signs such as being evicted out of her redential house for non-payment of rent and defaulting a previous loan from another financial service provider. We have therefore advised the group to dissolve themselves. The loans are cancelled accordingly.

Nambi Proscovia
She is looking for a business loan to purchase more stock items like a box of tomatoes, green peppers, carrots, onions for re-stocking the vegetable stall. She buys those items in small quantities  in proportion to the demand in Kajjansi market so that can be bought in two or three days before they go bad since traders in the market have no cooling rooms for such perishables. However, there is a risk potential where vegetables can go bad, business looses customer goodwill, sales go down and eventually face delinquent problemss in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked with all items, attract customers and increase daily sales. As the business progresses, she will be able to increase her income and business growth.
Show Details
UGX 500,000
4/15/2019
 Proscovia voluntariry withdrew her loan application

Okolimong James
He needs this business loan to purchase more stock items like maize flour, cassava flour and millet flour. He operates a retail outlet for produce within Kajjansi market. There is readily available local market and the business is lucrative in nature. The business has no serious risks it is exposed to. The group loan will enhance the business to expand and increase sales revenue.
Show Details
UGX 1,000,000
4/15/2019
KY failled to find James to take his business photos. He was never present at his produce shop and he could not answer his phone calls. 

Nassuna Sarah
She needs this loan to restock the retail shop with items such as sugar, boxes of soap, boxes of candles, food stuffs, grains and maize flour.  The additional stock items purchased using a group loan will help the business to be fully stocked with all items and step up on the sales revenue. In the due course, she will be able to realise a good income and business expansion.
Show Details
UGX 200,000
3/12/2019
 

Nakyagaba Jamirah
  She is looking for a business loan to restock her stall with items like boxes of tomatoes, green peppers, carrots, onions and more pieces of clay products like charcoal stove. The vegetables items are perishable and clay products are fragile. She buys those items in small quantities in response to the expected demand in Kajjansi market so that can be bought in two or three days before they go bad since traders in the market have no cooling rooms for such perishables. So, there is a risk potential where vegetables can go bad, business looses customer goodwill, sales go down and eventually face repayment problems of the loan. The purchase of additional stock items using a group loan will help the business to be fully stocked with all items, attract customers and increase daily sales. As the business moves on, she will be able to increase on her income and expansion of the business.
Show Details
UGX 1,000,000
4/15/2019
 KY found out that Jamillah had no business in Kajjansi market as she indicated on the loan application.