Nabagala Nuruh, Group Loan, ID: 58

Nabaggala needs a group loan to buy more stock items in particular clothes such as skirts, children wears and women inner wears. She is doing the business in Kibuye town, a suburb located 1km away from the city center Kampala, a long entebe road. The nature of her business is mobile, she carries a luggage of different types of clothes and walk from one street to another selling door to door until the end of the business day. She keeps her luggage in Kibuye town with a relative and does not charge her any storage fee. Nuruh started this business in 2011 and it’s now eight years in operation. She was very proud to say that the business earns her a good income with less expenses since she is not renting a shop, paying market dues nor paying salary for any staff.

Loan status
Disbursed
Percent repaid
41 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
05/05/2019
Published date
19/07/2019
Auction end date
21/08/2019
Disbursement date
21/08/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
12.00 %
Cost for business
UGX 103,475
APR (Annual percentage rate)
49.14 %

Client name
Nabagala Nuruh
Client description
Nuruh is a female born in 1987 and resident of Kajjansi town. She serves as the chairperson of the group and a vendor of clothes in Kibuye town.
Client images
Due diligence status
Passed
Group
Alpha
Description
This finance group is located north of Kajjansi Market in Kajjansi town council.
Subgroup
Lion
Description
A lion is a known animal that is so strong which inpieres  group members to always work hard with a winning mentality to kick poverty out of their homes.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Alpha/Lion 8/21/2019 Nabagala Nuruh Disbursed Chairperson
Alpha/Lion 8/21/2019 Nakato Brenda Disbursed Member
Alpha/Lion 8/21/2019 Zawedde Sylvia Disbursed Treasurer
Alpha/Lion 8/21/2019 Nalwadda Aidah Disbursed Member
Alpha/Lion 8/21/2019 Nakidde Hadijah Disbursed Member

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