Nanyonga Florence, Group Loan, ID: 15

She is looking for a business loan to buy more stock items to re-stock the craft stall with items like baskets, sticks, table mats, pieces of bark clothes and herbals. The business has readily available market for both local and international buyers. The business poses no risk as the stock items are dry and kept under a covered stand. She hopes to use the group loan to accerelate the business growth and achieve increased sales revenue.

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

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
12/11/2018

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.96 %
Cost for business
UGX 93,400
APR (Annual percentage rate)
43.12 %

Client name
Nanyonga Florence
Client description
Operates a craft stall
Client images
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
Waca Ivan

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