Bukirwa Faith, Group Loan, ID: 7

  She needs a business loan to restock the hair saloon with inputs such as weaves of natural and artificial types and varieties of cosmetics.  However, she experiences irregular power supply in a few days a week which tend to affects weekly sales because the business is entirely dependent on power. The lapses of power cuts may altogether sum up to 1-3 hours a week. The additional stock items to be bought using a group loan will help the business to be fully stocked, attract customers and increase daily sales. During the course of doing business, she will be able to realise increased sales income and business growth.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 1,000,000
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
11.97 %
Cost for business
UGX 93,416
APR (Annual percentage rate)
43.13 %

Client name
Bukirwa Faith
Client description
Operates a hair saloon in Kajjansi market.
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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