Mucunguzi Alex, Group Loan, ID: 120

Alex needs a loan to expand his newly established shoes business stall with additional carton of shoes. This business is located in Nabugabo market in Kampala city center opposite New Taxi park on Nabugabo road. After deploying this loan, he will earn extra income of UGX 1,270,000/ ($344) per month. He also runs a chapatti stall as additional business and is employing one person to take care of it. This business contributes 50% of his income while the Shoes stall earns him 50% too but it has a huge potential to grow in the near future.

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

Create date
15/07/2020
Published date
12/10/2020
Auction end date
05/11/2020
Disbursement date
05/11/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Cost for business
UGX 124,005
APR (Annual percentage rate)
61.68 %

Client name
Mucunguzi Alex
Client description
Mucunguzi is a married man of 31 years old, resident of Kajjansi town. He operates a charcoal stall and also makes chapati for sale.
Previous loans
Id Date Amount Status Link
46 01-05-2019 UGX 500,000 Repaid show
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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