Namulondo Fatumah, Group Loan, ID: 6

She needs this loan to buy more stock items such as oranges, tomatoes, greenpeppers, carrots, onions, garlic and ground nuts paste.  She buys those items in small quantities to match the demand in the market so that they don't over stay on the stall. However, there is a risk potential where vegetables can go bad, sales go down and face delinquent problems in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked  and step up on daily sales. During the course of the loan term, she will be able to earn a higher income and realize business growth.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 300,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/04/2018
Auction end date
31/08/2018
Disbursement date
12/11/2018

Disbursement fee
3.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.83 %
Cost for business
UGX 27,937
APR (Annual percentage rate)
42.97 %

Client name
Namulondo Fatumah
Client description
Operates a vegetable stall in Kajjansi market selling tomatoes, green pepper, carrots, poonded groundnuts, fruits etc.
Client images
Group
Kajjansi I
Description
Kajjansi I is a group of traders who came together to secure small loans to inject in their small businesses under one umbrella group. Members in the group own vegetable stalls in Kajjansi market.
Subgroup
Suubi
Description
It is a subgroup of 5 members operating small businesses in Kajjansi market.
Officer Name
Waca Ivan

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