Walusimbi Lawrence, Group Loan, ID: 123

Lawrence is a repeat borrower and repaid his first loan. He needs a second group loan to buy additional stock items for business such as; a carton of wheat flour(12 packets), 20 litres of cooking oil, 1 sack of charcoal and 10 kg of beans. The business stock and perfomance of the business went down slightly during the previous 5 months or so due to the impact of COVID-19 but is very confident that it's picking up now. This loan will help the business restore the missing items and increase on the quantities of inputs. The business has no major risk and the market is readily available.

Loan status
Disbursed
Percent repaid
0 %
Loan product
Group Loan
Loan amount
UGX 300,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
20/10/2020
Published date
13/11/2020
Auction end date
27/01/2021
Disbursement date
02/02/2021

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
8.97 %
Cost for business
UGX 35,298
APR (Annual percentage rate)
57.91 %

Client name
Walusimbi Lawrence
Client description
He is a male client of born in 1985. a resident of Katale Bukwenda - Kikajjo Parish - Kyengera Town Council - Wakiso District. and operates a chapatti stall in Bukwenda market.
Previous loans
Id Date Amount Status Link
95 17-10-2019 UGX 300,000 Repaid show
Client images
Due diligence status
Passed
Group
Mulembe
Description
The name is in Luganda language and in English it means being modern. The name inspires group members to work hard to improve themselves ecomically and socially. Members in this group have a common factor of being in the same SACCO.
Subgroup
A
Description
The subgroup is named following the alphabetic order.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Mulembe/A 2/2/2021 Walusimbi Lawrence Disbursed Member
Mulembe/A 2/2/2021 Mulungi Doreen Disbursed Chairperson
Mulembe/A 2/2/2021 Semusu Erias Tim Disbursed Member
Mulembe/A 2/2/2021 Namujju Angella Disbursed Treasurer
Mulembe/A 2/2/2021 Luyiga Hilda Catherine Disbursed Member
Mulembe/A 2/2/2021 Nakiwuge Agatha Disbursed Member

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