Namujju Angella, Group Loan, ID: 85

She needs a business group loan to restock the business with new emerging fashionable stock items especially for tenagers and children wears. She is well experienced in doing this business for a period of 4 years and can predict the varying trend in the fashion and design industry in line with the children wears. The business has no major risk apart from a few lapses in price volatility. Angella is a resident of Kajjansi C cell located in Kajjansi town council but runs the cloth boutique in Kampala, 7 KM from Kajjansi town. She commutes every day to and fro.

Loan status
Disbursed
Percent repaid
88 %
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
9.69 %
Cost for business
UGX 98,509
APR (Annual percentage rate)
46.41 %

Client name
Namujju Angella
Client description
She is a married female client born in 1975, resident of Kajjansi C cell located in Kajjansi town council and operates a Boutique for children wear in Kampala city at Mini-price.
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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