Nankya Daphine, Group Loan, ID: 131

Daphine is a born of 1992 and resident of Buzzi Cell, Kawuku, Kajjansi. She is in to the brick laying or making business and is seeking a group loan to purchase firewood worth UGX 500,000= and hire of additional laborers worth UGX 400,000=. The business is very promising and profitable. However, there is a risk of delays in drying of the bricks and also destruction incase of heavy persistent rains. This has been mitigated by covering the bricks using thatched grasses during the rainy seasons.

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

Create date
12/11/2020
Published date
26/01/2021
Auction end date
09/03/2021
Disbursement date
12/03/2021

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Cost for business
UGX 124,005
APR (Annual percentage rate)
61.68 %

Client name
Nankya Daphine
Client description
Daphine is a born of 1992 and resident of Buzzi Cell, Kawuku, Kajjansi. She is in the brick laying/making business.
Client images
Due diligence status
Passed
Group
Zion
Description
Zion is a group consisting of six members. The group is located in Kawuku, Kajjansi Town Council. The members are engaged in a number of economic activities such as brick laying or making, food stuffs business, boda boda and food poduce business. The members say the main aim of the group is to support each other to attain financial independence.
Subgroup
G
Description
G is a sub group of Zion and consists of six (6) members
Officer Name
Waca Ivan

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