Lubega Tracy Teddy, Group Loan, ID: 54

She is up for a loan to restock her retail shop with items such as stationery especially primary exercise books, manilas, pencils. Other items include a 50kg bag of sugar, 20L Jerrican of cooking oil, bag of rice and detergents. She is a teacher by profession and spends most of the time at the school but she employees a shop attendant to run the shop which is an alternative source of income. The shop attendant is a family member and she has not yet started paying her since she is still on a probation. The business has been in operation for one year and demand for goods is readily available. The shop is for locally desired household consumable items. The officer did not notice any major risk for the business but observed that stock items were scanty in the shelves with many customer walk-ins. The shop is located in a residential area with only one more shop in a radius of 100m. Tracy also owns a school called New Generation junior school with approximately 100 pupils located right opposite the shop. 27/06/2020 Top up Loan Teddy is seeking for a top up loan of UGX 400,000/ to restock her Retailshop Business. She will use this loan to buy a bag of Sugar (50 kg), Bag of beans (50 kg), 50 kg of maize flour, Box of bar soap, 50 kg of rice and 20 litters of cooking oil. She operates a Nursery school as her main business which has been closed up to now due to COVID-19 crisis. She is currently dependent on a retailshop as her source of income and livelihood. This has strained the business but she is confident that if she gets this top up loan, she will be able to the existing and  loan obligations.

Loan status
Percent repaid
49 %
Loan product
Group Loan
Loan amount
UGX 1,400,000
Repayment period
Repayment interval
Grace period
5/19/2020 The school is still closed and retailshop has run out of stock due to family consumption. This puts her in a difficult situation to determine when she will be able to resume paying her loan. DESKTOP-A6TJ0AE\HP
7/22/2020 Loan Topped up with USh 400,000 SYSTEM\TEST

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
9.89 %
Cost for business
UGX 138,497
APR (Annual percentage rate)
46.63 %

Client name
Lubega Tracy Teddy
Client description
Tracy is a female client born in 1993, resident of Lweza “B” Cell and professional primary head teacher of New Generation junior school. She is very active and serves as the group chairperson.
Client images
Due diligence status
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.
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
Group Disbursement Date Name Status Relation
Kwagala/Precious 9/12/2019 Kansiime Sarah Disbursed Secretary
Kwagala/Precious 9/12/2019 Nakaweesa Christine Disbursed Treasurer

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