Ssebanyiga Christopher, Group Loan, ID: 116

Christopher needs a loan to expand his charcoal stall business.  The current stock stands at 40 sacks of charcoal and he wants to increase it to a tune of 80 bags. He is a charcoal wholesaler who targets small quantity distrubutors and end users. Currently a sack (75 Kg) of charcoal is trading between UGX 75,000 ($20) to UGX 95,000 ($26) depending on the trading center. The business is lucrative since it's the cheapest source of energy for household use especially cooking in the peri-urban areas like Kajjansi town council.  He also runs an additional business of brick laying where he employs temporary labourers, hires transport companies to deliver materials like firewood for baking bricks. Charcoal business contributes 54% of his income while brick laying earns him 46% per month.

Loan status
Disbursed
Percent repaid
0 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
14/07/2020
Published date
12/10/2020
Auction end date
05/11/2020
Disbursement date
11/11/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
11.96 %
Cost for business
UGX 123,914
APR (Annual percentage rate)
61.63 %

Client name
Ssebanyiga Christopher
Client description
He is a resident of Kawotto A and that's where he operates the business from.  The business employs his wife, though not paid any salary but benefit from increased income that smoothes expenses at home.
Client images
Due diligence status
Passed
Group
Tweyambe
Description
Tweyambe is a Luganda word that means 'Let us help each other'. The members in this group come together with the aim of helping each other since they can not acess loans from the bank. The members are people who live within the same area of Kajjansi and their businesses are also in Kajjansi with the exception of those that have more than one business operating outside the jurisdiction in Kampala .
Subgroup
A
Description
A is a subgroup of Tweyambe group consisting of six members.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Tweyambe/A 11/11/2020 Ssebanyiga Christopher Disbursed Member
Tweyambe/A 11/11/2020 Nabwato Dorothy Disbursed Member
Tweyambe/A 11/11/2020 Nakimuli Ritah Disbursed Member
Tweyambe/A 11/11/2020 Nanyonjo Margret Kazibwe Disbursed Member
Tweyambe/A 11/11/2020 Nakajiri Harriet Disbursed Member

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