Bantaliza Williams, Group Loan, ID: 13

He is looking for a business loan to buy more chickens for roasting, charcoal, spices and vegetables.. He operates a chicken roasting stove outside Kajjansi Market parking yard while targeting customers in the evening. His business is very promising because he sells all the chickens stocked for the day. The roasting stove uses charcoal, so there is only marginal risk of weather changes in case it rains since is operating in uncovered stand making him prone to the adverse weather changes. The group loan will enhance his business to grow and increase sales per day.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 800,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
12/11/2018

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.96 %
Cost for business
UGX 74,709
APR (Annual percentage rate)
43.11 %

Client name
Bantaliza Williams
Client description
Operates a chicken roasting chicken stove
Client images
Group
Kajjansi I
Description
Kajjansi I is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable stalls in Kajjansi market.
Subgroup
Agali awamu
Description
5 subgroup members operating small businesses in Kajjansi market.
Officer Name
Waca Ivan

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