Ssegawa Margret, Group Loan, ID: 23

She is seeking for a loan to buy more stock items such as Beer, soda and water.

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

Create date
13/12/2018
Auction end date
18/01/2019
Disbursement date
22/01/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.95 %
Cost for business
UGX 103,384
APR (Annual percentage rate)
49.09 %

Client name
Ssegawa Margret
Client description
Ssegawa Margret is a female born in 1974, married and a permanent resident of Lweza “B”. she is an active member of Kajjansi group 3 of subgroup Bwavu mpologoma. Margret is owning a retailshop 300m away from Kajjansi market. The shop is situated in a strategic location with many potential customers.
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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