Nalwadda Aidah, Group Loan, ID: 62

Aidah is seeking for a group loan to buy stock items for the restaurant such as Onions, Crates of soda, cartons of drinking water and a bag of Irish potatoes. She has been doing this business for many years since 1990 and she is well versed with the business performance trend. The business is located in the Line market right opposite Kajjansi market and she serves customers within and outside the market. The business has no major risks and demand of food and drinks is readily available.

Loan status
Disbursed
Percent repaid
63 %
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
07/05/2019
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
6.81 %
Cost for business
UGX 46,101
APR (Annual percentage rate)
42.99 %

Client name
Nalwadda Aidah
Client description
She is a female client born in 1979, resident of Kajjansi cell A and operates a local restaurant in the Line market, Kajjansi 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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