Kansiime Sarah, Group Loan, ID: 52

Sarah needs a group loan to restock her retail shop business with items such as a carton of salt packets, 50 kg bag of sugar, 100 kg bag of maize flour, box of laundry bar soap and 20-liter jerrican of cooking oil. She has been running the business for one year and it’s situated in a good location with many customers. Sarah shares her house with the business, she operates the shop in the front room touching on the road side and sleeps in the room behind the shop but rent fare for the two rooms is paid differently.  She has a fridge in her shop to keep all the perishable products safe. So, the business has low probability of risk.

Loan status
Disbursed
Percent repaid
60 %
Loan product
Group Loan
Loan amount
UGX 600,000
Repayment period
24
Repayment interval
Weekly
Grace period
1
Remarks
5/19/2020 She had no plan either at the moment but hope things will get better when the lockdown is lifted DESKTOP-A6TJ0AE\HP

Create date
25/04/2019
Published date
20/08/2019
Auction end date
12/09/2019
Disbursement date
12/09/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
8.30 %
Cost for business
UGX 57,283
APR (Annual percentage rate)
44.75 %

Client name
Kansiime Sarah
Client description
Sarah is a female born in 1984 and resident of Lweza “B” Cell. She is the secretary of the group. She operates a retail shop at her home of residence.
Client images
Due diligence status
Passed
Group
Kwagala
Description
The name is in Luganda language and in English it means love. The members love to help one another to improve their financial health. The group is located East of Kajjansi town on the left-hand side of Entebbe road from the city center in Lweza “B” Cell (village). They are in particular situated at the peripheral of the village overlooking a newly developed housing estate of Lubowa.
Subgroup
Precious
Description
Group members took on this name because all members in the group are women who appreciate themselves so well and came together to fight poverty and reduce on the gender gap in their community.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Kwagala/Precious 9/12/2019 Kansiime Sarah Disbursed Secretary
Kwagala/Precious 9/12/2019 Nakaweesa Christine Disbursed Treasurer
Kwagala/Precious 9/12/2019 Lubega Tracy Teddy Disbursed Chairperson
Kwagala/Precious 9/12/2019 Nakanwagi Phionah Disbursed Member
Kwagala/Precious 9/12/2019 Namutebi Shamim Disbursed Member

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