Nantongo Rose, Group Loan, ID: 66

She is up for a group business loan to buy more stock items of smoked fish of types Tilapia, Nile perch and silver fish. She buys fish in small quantities to match the demand in the market. So, there is a risk potential where fish can go bad, in case of under size fish, the stock can be seized by the fisheries authority, sales may go down and  face loan repayment problems. The additional stock will help the business to be fully stocked with smoked fish and increase on daily sales. As the business progresses, she will be able to earn a better income and expand the business. This is Rose's second loan with Sseguku Microfinance.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 1,100,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
09/05/2019
Published date
12/05/2019
Auction end date
27/05/2019
Disbursement date
27/05/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
7.86 %
Cost for business
UGX 103,965
APR (Annual percentage rate)
44.23 %

Client name
Nantongo Rose
Client description
Operates a stall in Kajjansi market which sells dried fish such as nile parct and tilapia.
Previous loans
Id Date Amount Status Link
5 12-11-2018 UGX 400,000 Repaid show
Client images
Due diligence status
Passed
Group
Kajjansi II
Description
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.
Subgroup
Tukolere wamu
Description
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.
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Kajjansi II/Tukolere wamu 11/12/2018 Nakimbugwe Haawa Repaid Treasurer
Kajjansi II/Tukolere wamu 11/12/2018 Nakaweesa Rehema Repaid Chairperson
Kajjansi II/Tukolere wamu 11/12/2018 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nantongo Rose Repaid Member
Kajjansi II/Tukolere wamu 11/12/2018 Nabadda Shadiah Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nakimbugwe Haawa Defaulted Chairperson
Kajjansi II/Tukolere wamu 5/27/2019 Nabagala Phiona Repaid Member
Kajjansi II/Tukolere wamu 5/27/2019 Nantongo Rose Repaid Member

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