Namugenyi Annet, Group Loan, ID: 41

Annet needs a loan to buy chicken feeds. She has been doing this business for two years with no major setbacks. However, she is faced with the challenges of providing medication to chicks and feeding regularly to maintain stable growth and production of eggs on a daily basis. Right now, the chicks are still growing but she owns a garden for food produces such as banana plantains (matooke), sweet potatoes and cassava. The proceeds from the garden will sustain the loan.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 200,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
14/03/2019
Published date
19/03/2019
Auction end date
25/03/2019
Disbursement date
25/03/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.75 %
Cost for business
UGX 20,589
APR (Annual percentage rate)
48.85 %

Client name
Namugenyi Annet
Client description
Namugenyi is a married woman born in 1968, resident of Bweya Central Cell and serving as the group Treasurer. She keeps layers chicken and owns a garden for food produces. She has been in poultry farming for 2 years.
Client images
Due diligence status
Passed
Group
Kajjansi IV
Description
This group is made up of members who are working in Kajjansi market especially in the raw food section open area. They use temporary shelters on their stalls like umbrellas to prevent themselves and produces from direct heat from the sun and heavy rain.
Subgroup
Mirembe
Description
This subgroup is called mirembe which means peace in Luganda language. These members came together in a peacefull spirit to work hard and improve on their standard of living through accessing micro business loans from SMUG.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Kajjansi IV/Mirembe 3/25/2019 Nakiboneka Sarah Repaid Chairperson
Kajjansi IV/Mirembe 3/25/2019 Nalubwama Oliver Repaid Member
Kajjansi IV/Mirembe 3/25/2019 Nattembo Melida Repaid Member
Kajjansi IV/Mirembe 3/25/2019 Namugenyi Annet Repaid Treasurer
Kajjansi IV/Mirembe 3/25/2019 Ssemakula Patrick Repaid Secretary

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