Lutatinisibwa Idirisa, Group Loan, ID: 24

He is seeking for a loan to restock his business with items like rice, sugar, soda, cooking oil and soap ahead of the Christmas festivals.

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
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
Lutatinisibwa Idirisa
Client description
Lutatinisibwa Idirisi is a male born in the year 1967, a resident of Kajjansi Cell “B”. Idirisa owns a retailshop selling household consumables like sugar, bread, soap, flour etc. The business is located approximately 500m from Kajjansi market. The business is exposed to some maginal risk like when power may go off once in a while.
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
Tusitukiremu
Description
Tusitukiremu, it means that let's get up and strive to improve on our economic situation.
Officer Name
Waca Ivan

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