Sseguku Microfinance, Asset Financing Loan, ID: 18

The purpose of the loan is to Purchase a Laptop to be used for office work in Uganda. In early Oçtober this year we had a robbery at home in Sseguku and all our Laptops were stolen onto which Backoffice application used for loan management was installed. Currently, our office in Uganda lacks a good computer to run a Backoffice Application, communication using skype/email and office tools like word, excel etc. Therefore, we seek for a loan from lenders to purchase a laptop that will be used to process loans for our clients and other office activities.

Loan status
Repaid
Loan product
Asset Financing Loan
Loan amount
UGX 1,500,000
Repayment period
6
Repayment interval
Monthly
Grace period
2

Create date
25/11/2018
Auction end date
03/12/2018
Disbursement date
31/12/2018

Disbursement fee
0.00 %
Interest commission
0.00 %
Lender interest limit
10.00 %
Average lender interest
10.00 %
Cost for business
UGX 66,834
APR (Annual percentage rate)
10.00 %

Client name
Sseguku Microfinance
Client description
Sseguku Microfinance Uganda is a tier IV registered company in Uganda based on peer – peer lending model and it raises funds through a Dutch auction. We lend money to low income entrepreneurs under group loan, individual, agriculture and SME products. The minimum repayment period for these loans is six (6) months.
Client images
Due diligence status
Passed

Back to List