Mulungi Doreen, Group Loan, ID: 84

She is up for a business group loan to purchase more stock items such as 5 bags of plantains (Matooke) and 3 bags of irish potatoes to increase on the stock levels the business holds currently. Doreen buys food produces in large amount and distributes to various Raw food vendours with food stalls or without but operating in an open ground space and collects payments after a day. She is also planning to have a Raw food stall near her home of residence to expand the business and sell off stock that has not been distributed in the market due to low demand which poses a risk to the business. She is a resident of Kajjansi C cell located within Kajjansi town council and has been doing this business for 4 years. She is confident with the business performance.

Loan status
Disbursed
Percent repaid
65 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
10/06/2019
Published date
03/10/2019
Auction end date
17/10/2019
Disbursement date
17/10/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
9.79 %
Cost for business
UGX 98,710
APR (Annual percentage rate)
46.52 %

Client name
Mulungi Doreen
Client description
She is a married female client of 33 years old, resident of Kajjansi C cell in Kajjansi town council and operating a Raw Food Stall in Kajjansi market.
Client images
Due diligence status
Passed
Group
Mulembe
Description
The name is in Luganda language and in English it means being modern. The name inspires group members to work hard to improve themselves ecomically and socially. Members in this group have a common factor of being in the same SACCO.
Subgroup
A
Description
The subgroup is named following the alphabetic order.
Officer Name
USSER
Group members
Group Disbursement Date Name Status Relation
Mulembe/A 10/17/2019 Mulungi Doreen Disbursed Chairperson
Mulembe/A 10/17/2019 Namujju Angella Disbursed Member
Mulembe/A 10/17/2019 Walusimbi Lawrence Disbursed Member

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