Nakate Cate, Group Loan, ID: 43

She is seeking for a group loan to purchase input food stuffs such as 3 bags of Irish potatoes, bag of charcoal and charcoal stove. She fries chips served with either chicken, liver or plain in Kajjansi market during day while in the evening she shifts to the road-side. During that time there are many customers in bars along the road in the town center who need snacks. The stall is situated in an open area of the market but she uses an umbrella to protect herself. She has been doing this business for 10 years and she hopes to expand. The market has high prospects.

Loan status
Disbursed
Percent repaid
62 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/03/2019
Published date
05/04/2019
Auction end date
01/05/2019
Disbursement date
01/05/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
9.80 %
Cost for business
UGX 98,732
APR (Annual percentage rate)
46.53 %

Client name
Nakate Cate
Client description
Cate is a married woman born in 1988, resident of Kajjansi B Cell. She operates a Chips stall in Kajjansi market. She also serves as the chairperson of the group.
Client images
Due diligence status
Passed
Group
Kajjansi V
Description
This group is made up of clients operating stalls and retail shops in Kajjansi market.
Subgroup
Mukisa
Description
The name of the subgroup is mukisa which means chance in Luganda language.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Kajjansi V/Mukisa 5/1/2019 Nalubwama Alice Repaid Member
Kajjansi V/Mukisa 5/1/2019 Nakate Cate Disbursed Chairperson
Kajjansi V/Mukisa 5/1/2019 Nabitosi Jane Disbursed Treasurer
Kajjansi V/Mukisa 5/1/2019 Nakagiri Harriet Repaid Member
Kajjansi V/Mukisa 5/1/2019 Mucunguzi Alex Repaid Member
Kajjansi V/Mukisa 5/1/2019 Kiggundu Hassan Waswa Repaid Secretary
Kajjansi V/Mukisa 5/1/2019 Bisirikirwa Annet Disbursed Member

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