Mulungi Doreen, Group Loan, ID: 124

Doreen is up for a group loan to buy more raw food items for the business especially Irish potatoes and bunches of platains (matooke). She buys the food items in bulk from farmers directly, deliver and supply to the market food vendors in Kajjansi market.  However, she does not have a fixed raw food stall in the market but only a distrubutor.  Normally, she distributes the raw food items on credit to the market traders in the morning and collect the money from vendors in the evening or the following day. She can supply food twice or thrice a week.

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

Create date
20/10/2020
Published date
13/11/2020
Auction end date
04/12/2020
Disbursement date
04/12/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
13.00 %
Cost for business
UGX 126,071
APR (Annual percentage rate)
62.92 %

Client name
Mulungi Doreen
Client description
She is a married female client of 33 years old, resident of Kajjansi C cell in Kajjansi town council and operating a Raw Food Stall in Kajjansi market.
Previous loans
Id Date Amount Status Link
84 17-10-2019 UGX 1,000,000 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 10/17/2019 Mulungi Doreen Repaid Chairperson
Mulembe/A 10/17/2019 Namujju Angella Repaid Member
Mulembe/A 10/17/2019 Walusimbi Lawrence Repaid Member
Mulembe/A 12/4/2020 Nakiwuge Agatha Published Member
Mulembe/A 12/4/2020 Walusimbi Lawrence Published Member
Mulembe/A 12/4/2020 Mulungi Doreen Published Chairperson
Mulembe/A 12/4/2020 Semusu Erias Tim Published Member
Mulembe/A 12/4/2020 Namujju Angella Published Treasurer
Mulembe/A 12/4/2020 Luyiga Hilda Catherine Published Member

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