Nambi Proscovia, Group Loan, ID: 14

She is looking for a business loan to purchase more stock items like a box of tomatoes, green peppers, carrots, onions for re-stocking the vegetable stall. She buys those items in small quantities  in proportion to the demand in Kajjansi market so that can be bought in two or three days before they go bad since traders in the market have no cooling rooms for such perishables. However, there is a risk potential where vegetables can go bad, business looses customer goodwill, sales go down and eventually face delinquent problemss in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked with all items, attract customers and increase daily sales. As the business progresses, she will be able to increase her income and business growth.

Loan status
Cancelled
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
04/07/2018

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Cost for business
UGX 51,740
APR (Annual percentage rate)
49.15 %

Client name
Nambi Proscovia
Client description
Operates vegetable stall
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
TEST
Group members
Group Disbursement Date Name Status Relation
Kajjansi I/Suubi 11/12/2018 Namulondo Fatumah Repaid Member
Kajjansi I/Suubi 11/12/2018 Bukirwa Faith Repaid Member
Kajjansi I/Suubi 11/12/2018 Nalwanga Christine Repaid Member
Kajjansi I/Suubi 11/12/2018 Namusisi Sarah Repaid Member
Kajjansi I/Suubi 11/12/2018 Namirembe Rose Repaid Member
Kajjansi I/Suubi 6/24/2019 Bukirwa Faith Defaulted Member
Kajjansi I/Suubi 6/24/2019 Namulondo Fatumah Disbursed Member
Kajjansi I/Suubi 6/24/2019 Namusisi Sarah Repaid Member
Kajjansi I/Suubi 6/24/2019 Namirembe Rose Disbursed Member
Kajjansi I/Suubi 6/24/2019 Nalwanga Christine Defaulted Member
Kajjansi I/Agali awamu 11/12/2018 Nagombe Edith Repaid Chairperson
Kajjansi I/Agali awamu 11/12/2018 Bantaliza Williams Repaid Member
Kajjansi I/Agali awamu 11/12/2018 Nanyonga Florence Repaid Treasurer

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