Nakyanzi Phinah, Group Loan, ID: 34

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.

Loan status
Cancelled
Loan product
Group Loan
Loan amount
UGX 800,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
30/01/2019
Auction end date
24/02/2019
Disbursement date
26/02/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Cost for business
UGX 82,784
APR (Annual percentage rate)
49.15 %

Client name
Nakyanzi Phinah
Client description
Phinah relates well with her group members, friendly and hardworking person. She is running a bar in Lweza B near her home with her daughter as the sales person. She has gained working experience in doing this business for three years which makes her comfortable in managing it.  
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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