Nabagala Phiona, Group Loan, ID: 65

She needs a business loan to buy a box of tomatoes, green peppers, carrots, onions and fruits like passion fruits, pineapples, 30 units of watermelon, oranges, mangoes, pumpkins and frying pans. She restocks the business in small quantities twice a week in line with the demand in the market so that can be bought fast 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 may 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 more customers and increase daily sales. As the business carries on, she will be able to increase on her income and business growth. This is Phionah's second loan with Sseguku Microfinance.

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

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
8.13 %
Cost for business
UGX 57,064
APR (Annual percentage rate)
44.55 %

Client name
Nabagala Phiona
Client description
Owns a stall in Kajjansi market where she sells vegetables and fruits
Previous loans
Id Date Amount Status Link
3 12-11-2018 UGX 300,000 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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