Nagombe Edith, Group Loan, ID: 11

She is looking for a business loan to restock the business stall with items like tomatoes, green peppers, carrots, onions, bananas and ground nuts. She buys those items in small quantities to match with the demand in the market so that can be bought in less days before they go bad since traders in the market have no refregerators. However, there is a risk where vegetables can go bad, business looses customer goodwill, sales go down and eventually face delinquent problems in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked and increase daily sales. As the business goes on, she will be able to earn a better income and achieve business growth.

Loan status
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
Repayment interval
Grace period

Create date
Auction end date
Disbursement date

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
12.00 %
Cost for business
UGX 46,740
APR (Annual percentage rate)
43.16 %

Client name
Nagombe Edith
Client description
Operates a vegetable stall in Kajjansi market
Client images
Kajjansi I
Kajjansi I is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable stalls in Kajjansi market.
Agali awamu
5 subgroup members operating small businesses in Kajjansi market.
Officer Name
Waca Ivan

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