Nabwato Dorothy, Group Loan, ID: 117

Dorothy needs a group loan to start a mobile money business using two telephone lines for Mobile Telecommunication Network (MTN) and Airtel companies. It's a new business where she will be employed herself full time. The raw food and vegetable stall also employs one person and it's the principal business that's going to service this loan as she is setting up a mobile money business. MTN line for mobile money will cost UGX 200,000/ ($54) while Airtel may cost UGX 180,000/($49). The balance will be used for float (digital money) and physical cash to those who want to withdraw. She is expecting to earn UGX 60,000/ ($16) per day. The business is exposed to a risk of people who are circulating counterfeit money but she will install a counterfeit money detector machine to mitigate the risk and at a less extent the business may face robbery due to cash held at the counter.

Loan status
Disbursed
Percent repaid
3 %
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
11.80 %
Cost for business
UGX 123,583
APR (Annual percentage rate)
61.43 %

Client name
Nabwato Dorothy
Client description
She is a resident of Kawotto Cell A and operates a Raw food and vegetable stall in Janyi locacted East of Kajjansi town.
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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