Mukasa Richard, Group Loan, ID: 86

Richard needs a loan to buy motor vehicle spare parts such as fun belts and Brake pads. He is a vehicle mechanic by profession and owns a repair workshop in Kajjansi town located opposite Kajjansi police staion approximately 500 meters away from SMUG office. In addition, he owns a spare parts outlet selling various spare parts such as funs belts, brake pads, radiators, front and real lights, indicators, side mirrors, engine oil etc. He has been doing this business since 2013 and there are no notable risks.

Loan status
Cancelled
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
21/10/2019
Disbursement date
21/10/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Cost for business
UGX 103,480
APR (Annual percentage rate)
49.15 %

Client name
Mukasa Richard
Client description
He is a motor vehicle mechanic by profession of 30 years old with a workshop in Kajjansi town council and resident of Ssuka-Lugo cell inKasanje town council.
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

Back to List