She needs a business loan to buy a box of tomatoes, green peppers, carrots, onions and fruits like passion fruits, pineapples, 30 units of watermelon, oranges, mangoes, pumpkins and frying pans. She restocks the business in small quantities twice a week in line with the demand in the market so that can be bought fast before they go bad since traders in the market have no cooling rooms for such perishables. So, there is a risk potential where vegetables can go bad, business may loose customer goodwill, sales may go down and eventually face delinquent challenges in paying back the loan. The additional stock items purchased using a group loan will help the business to be fully stocked with all items, attract more customers and increase daily sales. As the business carries on, she will be able to increase on her income and business growth.
This is Phionah's second loan with Sseguku Microfinance.
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Owns a stall in Kajjansi market where she sells vegetables and fruits
Kajjansi II 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 and fish stalls in Kajjansi market.
It is a subgroup consisting of 5 members operating in Kajjansi market and these members took loans in the first cycle. In the second cycle, only 3 group members who have taken a second (repeat) loan.