Biikara Eunice, Group Loan, ID: 20

She is seeking for a loan to purchase more stock items such as potatoes, onions and green peppers.

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

Create date
11/12/2018
Auction end date
08/01/2019
Disbursement date
22/01/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
1.00 %
Cost for business
UGX 79,082
APR (Annual percentage rate)
36.09 %

Client name
Biikara Eunice
Client description
Biikara Eunice is a female born in 1980 and a resident of Kajjansi town council. She is a member and Serves as a Secretary of Kajjansi Group 3 of subgroup Bwavu mpologoma. Eunice is operating a Food and vegetable stall in Kajjansi market selling items like potatoes, onions, green peppers and powdered red chills. The stall is in an open market area covered by a big umbrella making the food stuffs and vegetable vulnerable to rain water and heavy wind
Client images
Due diligence status
Passed
Group
Kajjansi III
Description
It's a new group formed with 10 members divided into two subgroups from Kajjansi market and outside.  
Subgroup
Bwavu mpologoma
Description
Bwavu mpologoma is a proverb in Luganda which means that poverty is like a lion, if you don't fight hard, you cannot survive it. Second Cycle: All members in second cycle have applied for a repeat loan. In addition, Nattembo Melida has replaced Ssegawa Margret in the second cycle.
Officer Name
Waca Ivan

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