Ndagire Jolly, Group Loan, ID: 29

She needs a loan to purchase more bags of charcoal. She breaks the bag into smaller units to be able to maximise sales quickly. The business has no major risks apart from rain water which makes the charcoal wet once in a while since the stall is in an open space but does not compromise with its quality nor rejection from customers. Currently, Jolly buys between 3-5 bags of charcoal at ago and sell them in 3 days utmost. With this group loan, she will be able to increase on the stock retention and the demand is readily available on a daily basis from local restaurants and walk-in customers in Kajjansi market.

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
18/01/2019
Disbursement date
22/01/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
12.00 %
Cost for business
UGX 51,740
APR (Annual percentage rate)
49.15 %

Client name
Ndagire Jolly
Client description
Ndagire Jolly is a female born in 1986 and a resident of Kajjansi Cell “B“. She sells charcoal in Kajjansi market. The business has no major risks.
Client images
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
Group members
Group Disbursement Date Name Status Relation
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nalugo Angela Disbursed Member

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