Nakanwagi Phionah, Group Loan, ID: 55

She needs a loan to buy more food items for the Food stall business such as a bag of plantains (matooke), box of tomatoes, onions and vegetables. She attends to this business during day from 8.00 am-6.00pm and later in the evening she operates a sewing machine (tailoring) so as to earn some additional income. She has been operating these businesses for 2 years. The demand for raw food is readily available. However, all the stock items are perishable by nature and she has no fridge to keep them longer. When plantains (matooke) over stay for a week or so days, they start ripping by turning yellow making them not suitable for food and culminates into a financial loss.

Loan status
Disbursed
Percent repaid
20 %
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

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
9.64 %
Cost for business
UGX 49,198
APR (Annual percentage rate)
46.34 %

Client name
Nakanwagi Phionah
Client description
Phionah is a married woman born in 19. resident of Lweza “B” Cell. She operates a Raw food stall in the same location where she lives.
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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