Nakimbugwe Haawa, Group Loan, ID: 64

She needs a loan to buy more stock items such as a box of tomatoes, green peppers, carrots, onions, avocado, frying pans, backets, sissal strings, food containers, hangers, bee honey, rat traps, plastic cups and more pieces of clay products like charcoal stove. Most of these stock items are perishable and cannot stay on the stall for so long. She buys those items in relatively small quantities directly proportional to the anticipated demand in Kajjansi market so that can be bought in two or three days before they go bad since traders in the market have no cooling rooms for such perishables. So, there is a risk potential where vegetables can go bad, business may loose customer goodwill, sales go down and eventually face delinquent challenges in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked with all items, attract customers and increase daily sales. As the business progresses, she will be able to increase on her income and business growth. This is Haawa's second loan with Sseguku Microfinance.

Loan status
Disbursed
Percent repaid
85 %
Loan product
Group Loan
Loan amount
UGX 1,200,000
Repayment period
24
Repayment interval
Weekly
Grace period
1
Remarks
5/19/2020 Haawa has no plan at the moment but only hope that the business will improve after the restriction are lifted. DESKTOP-A6TJ0AE\HP

Create date
09/05/2019
Published date
12/05/2019
Auction end date
27/05/2019
Disbursement date
27/05/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
10.12 %
Cost for business
UGX 119,320
APR (Annual percentage rate)
46.91 %

Client name
Nakimbugwe Haawa
Client description
She operates a stall in Kajjansi market where she sells good vegetables and nice clay products.
Previous loans
Id Date Amount Status Link
1 12-11-2018 UGX 800,000 Repaid show
Client images
Due diligence status
Passed
Group
Kajjansi II
Description
Kajjansi II is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable and fish stalls in Kajjansi market.
Subgroup
Tukolere wamu
Description
It is a subgroup consisting of 5 members operating in Kajjansi market and these members took loans in the first cycle. In the second cycle, only 3 group members who have taken a second (repeat) loan.
Officer Name
TEST
Group members
Group Disbursement Date Name Status Relation
Kajjansi II/Tukolere wamu 11/12/2018 Nakimbugwe Haawa Repaid Treasurer
Kajjansi II/Tukolere wamu 11/12/2018 Nakaweesa Rehema Repaid Chairperson
Kajjansi II/Tukolere wamu 11/12/2018 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nantongo Rose Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nabadda Shadiah Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nakimbugwe Haawa Disbursed Chairperson
Kajjansi II/Tukolere wamu 5/27/2019 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nantongo Rose Repaid Member

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