Nayiga Sharifa , Group Loan, ID: 111

Sharifa operates a business stall in Kajjansi Market and she needs a loan to buy more stock items such as eight metal charcoal stoves, seven clay stoves, six chapatti metallic saucepans, chapatti and mandazi frying spoons. She has been doing this business since 2016. The business has a major risk of clay stoves breaking when not properly handled or kept. Nayiga also operateGrinding mill as a side business where she employs her sister. This loan will be used buy engine oil and twenty litres of diesel for  running the mill.

Loan status
Disbursed
Percent repaid
21 %
Loan product
Group Loan
Loan amount
UGX 600,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
13/11/2019
Published date
13/09/2020
Auction end date
08/10/2020
Disbursement date
08/10/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
11.99 %
Cost for business
UGX 74,394
APR (Annual percentage rate)
61.67 %

Client name
Nayiga Sharifa
Client description
Sharifa  is a resident of Kajjansi cell ‘B’. She operates a metalic and clay pot type of business within Kajjansi market
Client images
Due diligence status
Passed
Group
Kajjansi VI
Description
Group members are residents of Kajjansi town council of whom Four members operate stalls, one member owns a retailshop inside the market and another has a stall outside the maket.
Subgroup
Four
Description
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Kajjansi VI/Four 10/8/2020 Mubiru Dickson Disbursed Member
Kajjansi VI/Four 10/8/2020 Zawedde Winnie Disbursed Chairperson
Kajjansi VI/Four 10/8/2020 Nayiga Sharifa Disbursed Member
Kajjansi VI/Four 10/8/2020 Nantongo Rose Disbursed Member
Kajjansi VI/Four 10/8/2020 Nalubwama Alice Disbursed Member

Back to List