Nalwanga Christine, Group Loan, ID: 8

She needs this loan to restock the stall with items like avocado, watermelon, beans, oranges, tomatoes, green peppers, carrots, onions and more pieces of clay products like charcoal stove. She buys those items in small amounts so that can be bought in a few days before they go bad since there are no cooling rooms for such perishables in the market. However, there is a potential risk where vegetables can go bad, business looses customer goodwill, sales go down due to low demand and consequently face loan repayment problems. The purchase of additional stock items using a group loan will help the business to be fully stocked, attract customers and increase daily sales. As the business progresses, she will be able to enjoy increased income and business growth.

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 500,000
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
12.00 %
Cost for business
UGX 46,740
APR (Annual percentage rate)
43.16 %

Client name
Nalwanga Christine
Client description
Operates a vegetable stall and makes fruit juice for sale.
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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