Semusu Erias Tim, Group Loan, ID: 125

He is seeking for a group loan to enable him purchase a chess freezer (fridge) for cooling the soft drinks. It's a retail shop business located in Kasenge, outside Kajjansi town council and he commutes every day from Kajjansi to attend to it. The shop deals in general household consumables such as bread, cooking oil, soap, soft drinks etc.  The business has small risks that are considered marginal like power cuts but cannot affect the business performance since load scheding always afffect the entire community where the business is.

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
Semusu Erias Tim
Client description
Erias is a born of 1984 and resident of Kajjansi 'C', Kajjansi Town Council, Wakiso district. He is a member of Mulembe group, operating a retail shop.  
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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