Sseguku Microfinance, Asset Financing Loan, ID: 18

The purpose of the loan is to Purchase a Laptop to be used for office work in Uganda. In early Oçtober this year we had a robbery at home in Sseguku and all our Laptops were stolen onto which Backoffice application used for loan management was installed. Currently, our office in Uganda lacks a good computer to run a Backoffice Application, communication using skype/email and office tools like word, excel etc. Therefore, we seek for a loan from lenders to purchase a laptop that will be used to process loans for our clients and other office activities.

Loan status
Repaid
Loan product
Asset Financing Loan
Loan amount
UGX 1,500,000
Repayment period
6
Repayment interval
Monthly
Grace period
2

Create date
25/11/2018
Auction end date
03/12/2018
Disbursement date
31/12/2018

Disbursement fee
0.00 %
Interest commission
0.00 %
Lender interest limit
10.00 %
Average lender interest
10.00 %
Cost for business
UGX 66,834
APR (Annual percentage rate)
10.00 %

Client name
Sseguku Microfinance
Client description
Sseguku Microfinance Uganda is a tier IV registered company in Uganda based on peer – peer lending model and it raises funds through a Dutch auction. We lend money to low income entrepreneurs under group loan financing. Recently we disbursed loans for the first cycle and expect to recover the loan portfolio within a period of 6 months. All our information is stored in the cloud including operating software for ease of access and safety.
Client images
Due diligence status
Passed

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