Niwabiine Pleasant, Group Loan, ID: 112

Niwabiine operates a Passion Fruit Retail shop in Kajjansi Market and has been in business since 2017. She needs a group loan to increase on the existing stock by buying 7 bags of passion fruits, bag of oranges, bag of tangerine, bag of lemon and box of mangoes. Supply of fruits depends on changes in the season in the course of the year. The business is owned by Niwabiine (princial borrower) but operates it with her husband in intervals.

Loan status
Disbursed
Percent repaid
36 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
11/07/2020
Published date
20/07/2020
Auction end date
14/09/2020
Disbursement date
14/09/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
9.07 %
Cost for business
UGX 117,879
APR (Annual percentage rate)
58.04 %

Client name
Niwabiine Pleasant
Client description
She is a resident of Kakindu local council in Kisubi and operates the business in Kajjansi Market.
Client images
Due diligence status
Passed
Group
Favour
Description
Group members came together because a chance favours a hardworking and ready mind. All members work and live in Kajjansi town.  
Subgroup
One
Description
This subgroup name is called One. They chose this name because it's the first subgroup in the entire group.  
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Favour/One 9/14/2020 Namukasa Annet Disbursed Secretary
Favour/One 9/14/2020 Nakalanzi Edith Kikomeko Disbursed Member
Favour/One 9/14/2020 Nabbosa Sarah Disbursed Member
Favour/One 9/14/2020 Nakitto Winnie Disbursed Chairperson
Favour/One 9/14/2020 Niwabiine Pleasant Disbursed Member

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