Bantaliza Williams, Group Loan, ID: 71

He is looking for a business loan to buy more chickens for roasting, charcoal, spices and vegetables as well as one more chicken roasting machine. He operates a chicken roasting stove outside Kajjansi Market parking yard while targeting customers in the evening. His business is very promising because he sells all the chickens stocked for the day. The roasting stove uses charcoal, so there is only marginal risk of weather changes in case it rains since is operating in uncovered stand making him prone to the adverse weather changes. The group loan will enhance his business to grow and increase sales per day.

Loan status
Defaulted
Percent repaid
6 %
Loan product
Group Loan
Loan amount
UGX 1,200,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
09/05/2019
Published date
23/06/2019
Auction end date
19/07/2019
Disbursement date
19/07/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
9.00 %
Cost for business
UGX 116,402
APR (Annual percentage rate)
45.58 %

Client name
Bantaliza Williams
Client description
Operates a chicken roasting chicken stove
Previous loans
Id Date Amount Status Link
13 12-11-2018 UGX 800,000 Repaid show
Client images
Due diligence status
Passed
Group
Kajjansi IA
Description
This group is created to split Kajjansi I group so that disbursement can take place separately.
Subgroup
Agali Awamu
Description
It is a subgroup of 5 members operating small businesses in Kajjansi market.
Officer Name
HP
Group members
Group Disbursement Date Name Status Relation
Kajjansi IA/Agali Awamu 7/19/2019 Nagombe Edith Repaid Chairperson
Kajjansi IA/Agali Awamu 7/19/2019 Bantaliza Williams Defaulted Member
Kajjansi IA/Agali Awamu 7/19/2019 Nanyonga Florence Repaid Member
Kajjansi IA/Agali Awamu 7/19/2019 Namusoke Najjuma Repaid Member

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