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
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
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
Mukama Afayo
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.
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

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