Sseguku Microfinance, Asset Financing Loan, ID: 18
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- 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 financing. Recently we disbursed loans for the first cycle and expect to recover the loan portfolio within a period of 6 months. All our information is stored in the cloud including operating software for ease of access and safety.
- Client images
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- Due diligence status
- Passed