Namakula Margrate, Group Loan, ID: 27

Margrate needs a loan to purchase and extract more stock of clay as well as increasing on the stock of fish When you look at her photos, it tells it all. She makes the clay products herself. They are cooking stove which uses charcoal.The clay products can easily get spoiled by the rain before being baked. If it rains on them they develop clacks and break or become shapeless.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
14/12/2018
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 39,541
APR (Annual percentage rate)
36.09 %

Client name
Namakula Margrate
Client description
Namakula Margrate is a business lady born in the year 1974, a resident of Kajjansi town council. Margrate is engaged in the production of charcoal stoves made out of clay soil. She also owns a side business for supplying fish in homesteads being operated by her son. The business is located 400m away from Kajjansi market on the left of Entebe road.  The production of clay products is risky during rainy season while its better in dry season.
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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