Kyamagero Ruth, Group Loan, ID: 31

Ruth is looking for a loan to restock her stall with items like Potatoes, Banana plantains (matooke), charcoal and vegetables such as tomatoes, egg plants, cabbage, green pepper etc. When vegetables and bananas are not sold in a week or so, there is a risk that they can go bad since she has no fridge to keep them. However, It’s good that she has many customers and hardly experiences over stayed stock.

Loan status
Disbursed
Percent repaid
60 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
30/01/2019
Published date
11/03/2019
Auction end date
13/03/2019
Disbursement date
13/03/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
7.90 %
Cost for business
UGX 94,595
APR (Annual percentage rate)
44.28 %

Client name
Kyamagero Ruth
Client description
She operates a vegetable stall in the same area where she lives (Lweza B) and works in the nearby primary school as a non teaching staff. Kyamagero is the secretary of the group and well known among group members. She has been operating a vegetable stall for two years and she also has a job in Kajjansi progressive secondary school where she earns a monthly salary as an additional income.
Client images
Due diligence status
Passed
Group
Twezimbe
Description
This finance group was formed by 5 women pioneer members with the aim of taking group loans from Sseguku Microfinance to finance their individual businesses respectively. The group is found in Lweza Cell B, a village located North Eastern part of Kajjansi town in a distance of approximately 1.5 km along Entebbe airport road. Since it’s a residential area, people set up businesses on individual basis such as in their homes, garages, backyard, along the street in make-shift structures etc. It makes them prone to varying challenges compared to those in an organized market but on the other hand leverage on less expenses like rent, taxes etc.
Subgroup
Favour
Description
The first group of 5 women members were categorized into a sub unit which they unanimously given a name Favour to easily manage the group. The name was suggested by Sifa, the chairperson and seconded by the rest of the group members.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Twezimbe/Favour 3/13/2019 Kyamagero Ruth Disbursed Chairperson
Twezimbe/Favour 3/13/2019 Akello Barbara Repaid Secretary
Twezimbe/Favour 3/13/2019 Nakira Milly Repaid Member
Twezimbe/Favour 3/13/2019 Nakitto Hafiswa Male Repaid Member
Twezimbe/Favour 3/13/2019 Birungi Justine Defaulted Treasurer

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