Kansiime Sarah, Group Loan, ID: 52
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- Sarah needs a group loan to restock her retail shop business with items such as a carton of salt packets, 50 kg bag of sugar, 100 kg bag of maize flour, box of laundry bar soap and 20-liter jerrican of cooking oil. She has been running the business for one year and it’s situated in a good location with many customers. Sarah shares her house with the business, she operates the shop in the front room touching on the road side and sleeps in the room behind the shop but rent fare for the two rooms is paid differently. She has a fridge in her shop to keep all the perishable products safe. So, the business has low probability of risk. 27/06/2020 Top up Loan Sarah is looking for a top up loan of UGX 300,000/ to revamp her retail business. The business has run out of stock due to the pandemic crisis. She will use this loan to buy a bag of sugar (50 kg), Box of bar soap, Bag of rice (100 kg) and Bag of maize flour (100 kg) for restocking the business.
- Loan status
- Disbursed
- Percent repaid
- 52 %
- Loan product
- Group Loan
- Loan amount
- UGX 900,000
- Repayment period
- 24
- Repayment interval
- Weekly
- Grace period
- 1
- Remarks
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5/19/2020 She had no plan either at the moment but hope things will get better when the lockdown is lifted DESKTOP-A6TJ0AE\HP 7/22/2020 Loan Topped up with USh 300,000 SYSTEM\TEST
- Create date
- 25/04/2019
- Published date
- 20/08/2019
- Auction end date
- 12/09/2019
- Disbursement date
- 12/09/2019
- Disbursement fee
- 4.00 %
- Interest commission
- 15.00 %
- Lender interest limit
- 12.00 %
- Average lender interest
- 7.84 %
- Cost for business
- UGX 85,025
- APR (Annual percentage rate)
- 44.21 %
- Client name
- Kansiime Sarah
- Client description
- Sarah is a female born in 1984 and resident of Lweza “B” Cell. She is the secretary of the group. She operates a retail shop at her home of residence.
- Client images
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- Due diligence status
- Passed
- Group
- Kwagala
- Description
- The name is in Luganda language and in English it means love. The members love to help one another to improve their financial health. The group is located East of Kajjansi town on the left-hand side of Entebbe road from the city center in Lweza “B” Cell (village). They are in particular situated at the peripheral of the village overlooking a newly developed housing estate of Lubowa.
- Subgroup
- Precious
- Description
- Group members took on this name because all members in the group are women who appreciate themselves so well and came together to fight poverty and reduce on the gender gap in their community.
- Officer Name
- Waca Ivan
- Group members
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Group Disbursement Date Name Status Relation Kwagala/Precious 9/12/2019 Kansiime Sarah Disbursed Secretary Kwagala/Precious 9/12/2019 Nakaweesa Christine Disbursed Treasurer