Namutebi Shamim, Group Loan, ID: 57

Namutebi is seeking for a group loan to restock the food stall with raw food item such as three bags and ten bunches of plantains (matooke). She is operating the Raw food stall in Kibuye market located 1km from Kampala city center along Entebe road and has been doing this business for year. She is okay with the performance of the business. Since she is dealing in perishable food stuff, there is a likelihood that if the plantains overstays on the stall from 3 days or so, some of them may start getting ripe and cause a financial loss in the business but she mitigates this risk by securing a stock level that can be sold in less than 3 days.

Loan status
Disbursed
Percent repaid
42 %
Loan product
Group Loan
Loan amount
UGX 600,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
02/05/2019
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
9.84 %
Cost for business
UGX 59,293
APR (Annual percentage rate)
46.58 %

Client name
Namutebi Shamim
Client description
Shamim is a female client born in 1990, married, resident of Lweza “B” Cell/village and operating a food stall in Kibuye market.
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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