Nantongo Rose, Group Loan, ID: 113

Rose is operating a Dry Fish stall in Kajjansi market. She needs a group loan to increase on the business stock with dry tilapia type of fish, Nile perch fish and silver fish. During the covid-19 lockdown crisis, she could not get stable supply of fish due to restricted public transport but after easing on restrictions, she wants to buy directly from fishermen to get rid of middlemen who charge high prices. Otherwise, the business is good. The price of each fish ranges between UGX 10,000/-22,000/ depending on the size. The fish is preserved by smoking them regularly on a charcoal stove.

Loan status
Disbursed
Percent repaid
19 %
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
11/07/2020
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
10.95 %
Cost for business
UGX 60,908
APR (Annual percentage rate)
60.37 %

Client name
Nantongo Rose
Client description
Operates a stall in Kajjansi market which sells dried fish such as nile parct and tilapia.
Previous loans
Id Date Amount Status Link
5 12-11-2018 UGX 400,000 Repaid show
66 27-05-2019 UGX 1,100,000 Repaid show
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

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