Nakiboneka Sarah, Group Loan, ID: 38

She needs a group loan to purchase a popcorn machine. She has been operating the food stall business and retail shop for ten years. She has fully obtained experience in the various dynamics affecting the business but also aware of the areas can help the business to flourish. She attends to her food stall in the morning hours and leaves before noon every day. She said there are very few customers in the subsequent hours of the day. She also has a retail shop back at her home of residence which she attends to after working in the market. She plans to put the popcorn machine at her retail shop. The demand for popcorns is readily available among school going children and customers have been asking for them for so long. The machine runs on power and she normally experience power cuts like 3 times a week on an average of one hour per interval. This risk may affect the production flow of popcorns but she will produce more when power is available to ensure that sales are not affected.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 300,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
14/03/2019
Published date
19/03/2019
Auction end date
25/03/2019
Disbursement date
25/03/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.98 %
Cost for business
UGX 31,034
APR (Annual percentage rate)
49.13 %

Client name
Nakiboneka Sarah
Client description
Sarah is a female born in 1989 and resident of Bweya Central Cell. She is the chairperson of the group. She operates a food stall in Kajjansi market and retail shop at her home of residence.
Client images
Due diligence status
Passed
Group
Kajjansi IV
Description
This group is made up of members who are working in Kajjansi market especially in the raw food section open area. They use temporary shelters on their stalls like umbrellas to prevent themselves and produces from direct heat from the sun and heavy rain.
Subgroup
Mirembe
Description
This subgroup is called mirembe which means peace in Luganda language. These members came together in a peacefull spirit to work hard and improve on their standard of living through accessing micro business loans from SMUG.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Kajjansi IV/Mirembe 3/25/2019 Nakiboneka Sarah Repaid Chairperson
Kajjansi IV/Mirembe 3/25/2019 Nalubwama Oliver Repaid Member
Kajjansi IV/Mirembe 3/25/2019 Nattembo Melida Repaid Member
Kajjansi IV/Mirembe 3/25/2019 Namugenyi Annet Repaid Treasurer
Kajjansi IV/Mirembe 3/25/2019 Ssemakula Patrick Repaid Secretary

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