Namakula Margrate, Group Loan, ID: 103

She needs a loan to purchase and extract more stock of clay as well as increasing on the stock of fresh fish. She has been in this business for five years. She makes the clay cooking stoves herself. The clay products can easily get spoiled by developing cracks and break if not handled properly or become shapeless if it rains on them. 27/06/2020 Top up Loan Margrate needs a top up loan of UGX 600,000/ to buy a truck of clay soil for making charcoal stoves and restocking the Fish business. She suggested to offset the outstanding loan balance and the balance will be used in the two aforementioned businesses. The Fish business has been halted due to pendemic crisis while the charcoal stove business is currently strugling to remain afloat. This loan will be crutial in normalising the two businesses and smoothening the loan balance.

Loan status
Disbursed
Percent repaid
58 %
Loan product
Group Loan
Loan amount
UGX 600,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/10/2019
Published date
19/10/2019
Auction end date
04/12/2019
Disbursement date
04/12/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
4.76 %
Cost for business
UGX 52,573
APR (Annual percentage rate)
40.55 %

Client name
Namakula Margrate
Client description
Namakula Margrate is a business lady born in the year 1974, a resident of Kajjansi town council. Margrate is engaged in the production of charcoal stoves made out of clay soil. She also owns a side business for supplying fish in homesteads being operated by her son. The business is located 400m away from Kajjansi market on the left of Entebe road.  The production of clay products is risky during rainy season while its better in dry season.
Previous loans
Id Date Amount Status Link
27 22-01-2019 UGX 500,000 Repaid show
Client images
Due diligence status
Passed
Group
Kajjansi III
Description
It's a new group formed with 10 members divided into two subgroups from Kajjansi market and outside.  
Subgroup
Tusitukiremu
Description
Tusitukiremu, it means that let's get up and strive to improve on our economic situation.
Officer Name
Hans Henrik
Group members
Group Disbursement Date Name Status Relation
Kajjansi III/ Bwavu mpologoma 1/22/2019 Nambalirwa Mariam Repaid Chairperson
Kajjansi III/ Bwavu mpologoma 1/22/2019 Biikara Eunice Repaid Secretary
Kajjansi III/ Bwavu mpologoma 1/22/2019 Nalugo Angela Repaid Member
Kajjansi III/ Bwavu mpologoma 1/22/2019 Namutebi Catherine Repaid Member
Kajjansi III/ Bwavu mpologoma 1/22/2019 Ssegawa Margret Repaid Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nattembo Melida Repaid Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nambalirwa Mariam Repaid Chairperson
Kajjansi III/ Bwavu mpologoma 12/4/2019 Biikara Eunice Disbursed Secretary
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nalugo Angela Disbursed Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Namutebi Catherine Disbursed Member
Kajjansi III/Tusitukiremu 1/22/2019 Lutatinisibwa Idirisa Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Nakazibwe Nuluyati Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Namakula Margrate Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Namuyiga Rehemah Gilly Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Ndagire Jolly Repaid Member
Kajjansi III/Tusitukiremu 12/4/2019 Namakula Margrate Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Lutatinisibwa Idirisa Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Namuyiga Rehemah Gilly Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Ndagire Jolly Disbursed Member

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