Nassozi Esther, Group Loan, ID: 133

Esther is seeking a group loan to increase on her existing stock of food items as well also introduce a variety because of the continuosly growing numbers of her cients. She has been in this business for five (5) years now and intends to purchase; vegetables worth UGX 100,000=, 2 bags./sacks of irish potatoes worth UGX 160,000=, 2 bags of cassava worth UGX 120,000=, 2 bags of sweet potatoes worth UGX 120,000= and about 10 bunches of matooke worth UGX 60,000=. The business is promising and with the introduction of a variety of food stuffs demanded by clients in the area, the income revenue generated by the business wil increase by  approximately UGX 250,000= on a monthly basis.

Loan status
Cancelled
Loan product
Group Loan
Loan amount
UGX 600,000
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 74,403
APR (Annual percentage rate)
61.68 %

Client name
Nassozi Esther
Client description
Esther is a born of 1982 and resident of Buzzi Cell, Kajjansi. She operates a raw foods stuff stall business in Kawuku trading centre ranging from vegatables, cassava and sweet potatoes.
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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