Okolimong James, Group Loan, ID: 12

He needs this business loan to purchase more stock items like maize flour, cassava flour and millet flour. He operates a retail outlet for produce within Kajjansi market. There is readily available local market and the business is lucrative in nature. The business has no serious risks it is exposed to. The group loan will enhance the business to expand and increase sales revenue.

Loan status
Cancelled
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
04/07/2018

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Cost for business
UGX 93,480
APR (Annual percentage rate)
43.16 %

Client name
Okolimong James
Client description
Operates a produce shop selling maize floor
Group
Kajjansi I
Description
Kajjansi I is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable stalls in Kajjansi market.
Subgroup
Agali awamu
Description
5 subgroup members operating small businesses in Kajjansi market.
Officer Name
Waca Ivan

Back to List