Nayiga Matida, Group Loan, ID: 50

Nayiga needs a group loan to purchase a water sink used for washing customers’ hair and weaves. She has been operating this business for 3 years since 2016 and she employees 2 people who earns a monthly salary. She is well known in the area for helping women to retouch, hair plaiting as well as manicure and pedicure. The business is dependent on the availability of power and whenever it goes off, it affects her sales income since she has no power backup.

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

Create date
25/04/2019
Published date
29/04/2019
Auction end date
16/05/2019
Disbursement date
16/05/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
5.00 %
Cost for business
UGX 88,163
APR (Annual percentage rate)
40.84 %

Client name
Nayiga Matida
Client description
She is a female born in 1989, married and resident of Kajjansi “C” Cell. She owns a female hair salon in the same area. She also serves as the Treasurer of the group.
Client images
Due diligence status
Passed
Group
Mukama Afayo
Description
Mukama Afayo, it's in Luganda language but in English it means God cares. The groups is located in Kajjansi “C” Cell (village) south of Kajjansi market in a distance of 0.5km from Kajjansi town.
Subgroup
Ssabagabo
Description
This name is in Luganda language and it’s an official reknown tittle for one of the sub counties in Buganda Kingdom known as Makindye. During the active reign of the King of Buganda, he had given official local names to different sub countries within his area of jurisdiction for purposes of easy identification and importance to his kingdom. The name still stands even today.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Mukama Afayo/Ssabagabo 5/16/2019 Namukwaya Rose Repaid Chairperson
Mukama Afayo/Ssabagabo 5/16/2019 Nayiga Matida Repaid Treasurer
Mukama Afayo/Ssabagabo 5/16/2019 Namugerwa Oliver Repaid Member
Mukama Afayo/Ssabagabo 5/16/2019 Babirye Annet Repaid Member

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