Nakaweesa Christine, Group Loan, ID: 53

She is looking for a group loan to purchase more stock items for the business such as 2 bags of sugar (50kg each), 2 Jerricans of cooking oil (20 Liters each) and bag of rice. Christine is a teacher and employees a shop attendant to run the business and pays her a monthly salary. She started the business in 2017 and it’s now two years in operation. The shop sells household ordinary consumable items and it’s strategically located in a fairly populated residential area. The demand is readily available in the area. There is no major risk for the business since the flow of stock has a high turnover. 27/06/2020 Top up Loan Christine is looking for a top up loan of UGX 300,000/ to invest in an addition business of mobile money servises using Airtel line. In the previous five months, she has been operating it by selling airtime and sales were promising. That's why she considered to seek for a top up loan.

Loan status
Disbursed
Percent repaid
45 %
Loan product
Group Loan
Loan amount
UGX 1,100,000
Repayment period
24
Repayment interval
Weekly
Grace period
1
Remarks
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
9.22 %
Cost for business
UGX 107,228
APR (Annual percentage rate)
45.84 %

Client name
Nakaweesa Christine
Client description
Christine is a female client born in 19…, resident of Lweza “B” Cell. She is a professional teacher and operates a retail shop in the same place where she lives as her additional source of income.
Client images
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
HP
Group members
Group Disbursement Date Name Status Relation
Kwagala/Precious 9/12/2019 Kansiime Sarah Disbursed Secretary
Kwagala/Precious 9/12/2019 Nakaweesa Christine Disbursed Treasurer
Kwagala/Precious 9/12/2019 Lubega Tracy Teddy Disbursed Chairperson
Kwagala/Precious 9/12/2019 Nakanwagi Phionah Disbursed Member
Kwagala/Precious 9/12/2019 Namutebi Shamim Disbursed Member

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