Kiggundu Hassan Waswa, Group Loan, ID: 47

Hassan is up for a loan to restock his retail shop business with items such as three bags of sugar (50 kg each), five bags of rice (100 kg each) and a carton of wheat. He has been operating this business for three years. The shop is located opposite the truck terminal approximately 100 meters away from Entebbe road on the left of the fly-over bridge in Kajjansi town. In addition, he was working before with his family business shops located in Kajjansi market. So, he has wide experience in doing this business. He supplies goods especially consumables to local restaurants around his area of operation on credit and they pay him on the following day when they are picking more items for the day. In fact, he wanted a bigger loan to stock more items but he could not exceed our limits. The shop is stocked with household consumables like sugar, rice, cooking oil, flour, soap, electronics etc. He cited that due to high demand, he needs a big capital to purchase large amount of stock from big suppliers in Kampala city than frequently buying from small distributors in Kajjansi town whose prices more than double the actual prices.

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

Create date
31/03/2019
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
11.97 %
Cost for business
UGX 103,414
APR (Annual percentage rate)
49.11 %

Client name
Kiggundu Hassan Waswa
Client description
Kiggundu is a man born in 1982, resident of Kajjansi ā€œCā€ Cell (village). He owns and operate a retail shop in Kajjansi town.
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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