Nantongo Rose, Group Loan, ID: 5

She is looking for a business loan to buy more stock items of smoked fish. She buys fish in small quantities so that it can be bought in a few days before going bad since traders in the market have refligerators. So, there is a risk potential where fish can go bad, in case of under size fish, the stock can be seized by the fisheries authority, sales may go down and  face loan repayment problems. The additional stock items purchased using a group loan will help the business to be fully stocked with smoked fish and increase on daily sales. As the business progresses, she will be able to earn a better income and expand the business.

Loan status
Loan product
Group Loan
Loan amount
UGX 400,000
Repayment period
Repayment interval
Grace period

Create date
Auction end date
Disbursement date

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.88 %
Cost for business
UGX 37,285
APR (Annual percentage rate)
43.02 %

Client name
Nantongo Rose
Client description
Operates a stall in Kajjansi market which sells dried fish such as nile parct and tilapia.
Client images
Due diligence status
Kajjansi II
Kajjansi II is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable and fish stalls in Kajjansi market.
Tukolere wamu
It is a subgroup consisting of 5 members operating in Kajjansi market and these members took loans in the first cycle. In the second cycle, only 3 group members who have taken a second (repeat) loan.
Officer Name
Waca Ivan

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