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.
