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
Repaid
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
12/11/2018

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
Group
Kajjansi I
Description
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.
Subgroup
Agali awamu
Description
5 subgroup members operating small businesses in Kajjansi market.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Kajjansi I/Suubi 11/12/2018 Namulondo Fatumah Repaid Member
Kajjansi I/Suubi 11/12/2018 Bukirwa Faith Repaid Member
Kajjansi I/Suubi 11/12/2018 Nalwanga Christine Repaid Member
Kajjansi I/Suubi 11/12/2018 Namusisi Sarah Repaid Member
Kajjansi I/Suubi 11/12/2018 Namirembe Rose Repaid Member
Kajjansi I/Suubi 6/24/2019 Bukirwa Faith Defaulted Member
Kajjansi I/Suubi 6/24/2019 Namulondo Fatumah Defaulted Member
Kajjansi I/Suubi 6/24/2019 Namusisi Sarah Repaid Member
Kajjansi I/Suubi 6/24/2019 Namirembe Rose Defaulted Member
Kajjansi I/Suubi 6/24/2019 Nalwanga Christine Defaulted Member
Kajjansi I/Agali awamu 11/12/2018 Nagombe Edith Repaid Chairperson
Kajjansi I/Agali awamu 11/12/2018 Bantaliza Williams Repaid Member
Kajjansi I/Agali awamu 11/12/2018 Nanyonga Florence Repaid Treasurer

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