Nakaweesa Rehema, Group Loan, ID: 2

She is looking for a business loan to buy more stock items such as a box of tomatoes, green peppers, carrots, onions , cabbages, mingling sticks, frying spoons, clay products like charcoal stoves and lots of other kitchen utensils. Some of these stock items are perishable while others are not. Perishable items cannot stay on the stall for so long. She buys those items in relatively small quantities in proportion to the anticipated demand in Kajjansi market so that the stock can flow in a few days since traders in the market have no cooling rooms for such perishables. So, there is a risk potential of vegetables going bad, business looses customer goodwill, sales go down and eventually face delinquent problems in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked, attract customers and increase daily sales. As the business progresses, she will be able to increase on her income and business growth.  

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
12/11/2018

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
12.00 %
Cost for business
UGX 93,480
APR (Annual percentage rate)
43.16 %

Client name
Nakaweesa Rehema
Client description
Operates a stall in Kajjansi market selling vegetables and clay products.
Client images
Due diligence status
Passed
Group
Kajjansi II
Description
Kajjansi II is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable and fish stalls in Kajjansi market.
Subgroup
Tukolere wamu
Description
It is a subgroup consisting of 5 members operating in Kajjansi market and these members took loans in the first cycle. In the second cycle, only 3 group members who have taken a second (repeat) loan.
Officer Name
TEST
Group members
Group Disbursement Date Name Status Relation
Kajjansi II/Tukolere wamu 11/12/2018 Nakimbugwe Haawa Repaid Treasurer
Kajjansi II/Tukolere wamu 11/12/2018 Nakaweesa Rehema Repaid Chairperson
Kajjansi II/Tukolere wamu 11/12/2018 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nantongo Rose Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nabadda Shadiah Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nakimbugwe Haawa Disbursed Chairperson
Kajjansi II/Tukolere wamu 5/27/2019 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nantongo Rose Repaid Member

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