Mucunguzi Alex, Group Loan, ID: 46

Alex needs a loan to purchase 4 bags of charcoal to restock his business. He has been doing this business for 2 years. In addition, he makes chapatti for sales which provides him an additional daily income. Charcoal business is a bit sensitive as it causes deforestation which in turn affects the environment. Suppliers of charcoal are faced with incidents of regular arrests from environment protection police especially if they don’t have operation license. In general charcoal has a high demand since many of the households are using as the cheapest source of energy.

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

Create date
19/03/2019
Published date
05/04/2019
Auction end date
01/05/2019
Disbursement date
01/05/2019

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
Mucunguzi Alex
Client description
Mucunguzi is a married man of 31 years old, resident of Kajjansi town. He operates a charcoal stall and also makes chapati for sale.
Client images
Due diligence status
Passed
Group
Kajjansi V
Description
This group is made up of clients operating stalls and retail shops in Kajjansi market.
Subgroup
Mukisa
Description
The name of the subgroup is mukisa which means chance in Luganda language.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Kajjansi V/Mukisa 5/1/2019 Nalubwama Alice Repaid Member
Kajjansi V/Mukisa 5/1/2019 Nakate Cate Disbursed Chairperson
Kajjansi V/Mukisa 5/1/2019 Nabitosi Jane Repaid Treasurer
Kajjansi V/Mukisa 5/1/2019 Nakajiri Harriet Repaid Member
Kajjansi V/Mukisa 5/1/2019 Mucunguzi Alex Repaid Member
Kajjansi V/Mukisa 5/1/2019 Kiggundu Hassan Waswa Repaid Secretary
Kajjansi V/Mukisa 5/1/2019 Bisirikirwa Annet Defaulted Member

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