Nakimuli Ritah, Group Loan, ID: 118

Ritah needs a group loan to incresease on her business stock of charcoal. The current stock stands at 7 sacks. She wants to buy more eight (8) sacks of charcoal to increase the stock to 15 sacks. She sells charcoal to individual customers from small quantities like tins of UGX 1,000/ ($0.27) up to a full sack of UGX 95,000/ ($26). The additional vegetable stall business contributes 15% of her income while charcoal stall earns her 85%.

Loan status
Disbursed
Percent repaid
3 %
Loan product
Group Loan
Loan amount
UGX 400,000
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
11.99 %
Cost for business
UGX 49,593
APR (Annual percentage rate)
61.67 %

Client name
Nakimuli Ritah
Client description
She is a resident of Kawotto cell A where she also operates the charcoal stall business. She operates the business from her own home and she is not paying rent while other household expenses are paid by the husband. She is employed by the business onĀ full time.
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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