Lubega Tracy Teddy, Group Loan, ID: 54

She is up for a loan to restock her retail shop with items such as stationery especially primary exercise books, manilas, pencils. Other items include a 50kg bag of sugar, 20L Jerrican of cooking oil, bag of rice and detergents. She is a teacher by profession and spends most of the time at the school but she employees a shop attendant to run the shop which is an alternative source of income. The shop attendant is a family member and she has not yet started paying her since she is still on a probation. The business has been in operation for one year and demand for goods is readily available. The shop is for locally desired household consumable items. The officer did not notice any major risk for the business but observed that stock items were scanty in the shelves with many customer walk-ins. The shop is located in a residential area with only one more shop in a radius of 100m.Tracy also owns a school called New Generation junior school with approximately 100 pupils located right opposite the shop.

Loan status
Disbursed
Percent repaid
68 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1
Remarks
5/19/2020 The school is still closed and retailshop has run out of stock due to family consumption. This puts her in a difficult situation to determine when she will be able to resume paying her loan. 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
10.84 %
Cost for business
UGX 100,988
APR (Annual percentage rate)
47.77 %

Client name
Lubega Tracy Teddy
Client description
Tracy is a female client born in 1993, resident of Lweza “B” Cell and professional primary head teacher of New Generation junior school. She is very active and serves as the group chairperson.
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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