Achore Winnie Fina, Group Loan, ID: 135

Winnie is a seeking a group loan to enable her; purchase eight (8) bags/sacks of ground nuts worth UGX 880,000= given the increasing demand in and around the areas. She sells her food items at both whole sale and retail prices depending on the client demands. She is projecting an incresase in the weekly revenue by approximately UGX 400,000= upon investing this loan. The business is promising and profitable given the high weekly turnover. The risk associated with the business is very minimal given the good storage for the food items and high weekly turn over and thus they do not take long in the store.

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
Achore Winnie Fina
Client description
Winnie is a born of 1993 and resident of Buzzi Cell, Kawuku, Kajjansi. She operates foods produce business storeĀ in Kawuku trading centre dealing in a number of items such as ground nuts, sim sim, beans, rice and maize flour.
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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