Mutesasira Namawejje Sarah, Group Loan, ID: 132

Sarah is seeking a group loan to add on her existing stock of items such as; eight (8) more bags/sacks of charcoal worth UGX 455,000=, matooke worth UGX 180,000= and vegaetables worth 100,000= . The business is promising and profitable given the high demand for charcoal and vegetables in and around the sorrounding arrears. Once this loan is added to the existing capital, the business is expected to generate an estimated additional revenue of approximately UGX 460,000=. The risk in the business ia minimal given that charcoal is long lasting, vegetables are purchased for sale in quantities relative to client demands to avoid excess that could go bad.

Loan status
Cancelled
Loan product
Group Loan
Loan amount
UGX 800,000
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 99,204
APR (Annual percentage rate)
61.68 %

Client name
Mutesasira Namawejje Sarah
Client description
Sarah is a born of 1973 and resident of Buzzi Cell, Kawuku, Kajjansi. She operates a raw foods and charcoal stall 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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