Walusimbi Lawrence, Group Loan, ID: 95

Lawrence is a resident of Katale Bukwenda. He needs a loan to purchase twenty litres of cooking oil, one carton of wheat floor and one bag of charcoal. he earns a weekly income of ugx. 546,750 which is sufficeient to service the loan. he is protected by and umbrella during the hot sun and rainny season while baking the chapattis.

Loan status
Disbursed
Percent repaid
77 %
Loan product
Group Loan
Loan amount
UGX 300,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
08/08/2019
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
6.37 %
Cost for business
UGX 27,362
APR (Annual percentage rate)
42.46 %

Client name
Walusimbi Lawrence
Client description
He is a single male client of 34 years old. a resident of Katale Bukwenda - Kikajjo Parish - Kyengera Town Council - Wakiso District. he operates a chapatti stall in Bukwenda 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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