Babirye Annet, Group Loan, ID: 56

To purchase more food items for the restaurant such as one bag of plaintains(matooke), one bag of Irish potatoes, 3kg of meat and 4kg of rice. She will also buy stock items for the chapati stall with items such as 2 cartons of wheat and 20 lilter Jerrican of cooking oil. Annet has been operating these 2 businesses since 2018 and she is very comfortable with the business' performance trend. The businesses are situated in Kajjansi town along Entebbe road. They open in the evening starting from 6.00 pm to 11.00 pm and she works 7 days a week. There is readily available demand for night revelers. However, the businesses are operating in an open space along the street under temporary strustures. In case of heavy rainfall, it may stop her from operating normally, delay her in making preparations and disperse customers. All these can put the businesses at stake of generating low sales.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 600,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
29/04/2019
Published date
29/04/2019
Auction end date
16/05/2019
Disbursement date
16/05/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
8.00 %
Cost for business
UGX 56,889
APR (Annual percentage rate)
44.40 %

Client name
Babirye Annet
Client description
She is a female client born in 1980, married and a permanent resident of Kawotto village cell "A". Annet is operating a local restaurant and chapati stall.
Client images
Due diligence status
Passed
Group
Mukama Afayo
Description
Mukama Afayo, it's in Luganda language but in English it means God cares. The groups is located in Kajjansi “C” Cell (village) south of Kajjansi market in a distance of 0.5km from Kajjansi town.
Subgroup
Ssabagabo
Description
This name is in Luganda language and it’s an official reknown tittle for one of the sub counties in Buganda Kingdom known as Makindye. During the active reign of the King of Buganda, he had given official local names to different sub countries within his area of jurisdiction for purposes of easy identification and importance to his kingdom. The name still stands even today.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Mukama Afayo/Ssabagabo 5/16/2019 Namukwaya Rose Repaid Chairperson
Mukama Afayo/Ssabagabo 5/16/2019 Nayiga Matida Repaid Treasurer
Mukama Afayo/Ssabagabo 5/16/2019 Namugerwa Oliver Repaid Member
Mukama Afayo/Ssabagabo 5/16/2019 Babirye Annet Repaid Member

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