Luyiga Hilda Catherine, Group Loan, ID: 127

She needs a group loan to finance a  retail shop that deals in children's clothes at Mini-pice, Kampala Opposite Old Taxi Park. The loan will help the business to add more stock items especially with 20 dresses and 20 pair of suits for boys. Hilda is a professional teacher but used to visit the business every day in the evening after school hours. However, during this time when schools are not fully operating, she attends to the shop regularly. She hired a staff to attend to the boutique on a dialy basis. The business has no major risks and has potential to grow.

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
Luyiga Hilda Catherine
Client description
Hilda is a resident of Kawotto Village, Kajjansi Town Council, Wakiso. She is a born of 1978, member of Mulembe group operating a retail shop in Mini-price Kampala.
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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