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
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
Repayment interval
Grace period

Create date
Published date
Auction end date
Disbursement date

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
Kajjansi V
This group is made up of clients operating stalls and retail shops in Kajjansi market.
The name of the subgroup is mukisa which means chance in Luganda language.
Officer Name
Waca Ivan

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