Mulungi Doreen, Group Loan, ID: 84
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- She is up for a business group loan to purchase more stock items such as 5 bags of plantains (Matooke) and 3 bags of irish potatoes to increase on the stock levels the business holds currently. Doreen buys food produces in large amount and distributes to various Raw food vendours with food stalls or without but operating in an open ground space and collects payments after a day. She is also planning to have a Raw food stall near her home of residence to expand the business and sell off stock that has not been distributed in the market due to low demand which poses a risk to the business. She is a resident of Kajjansi C cell located within Kajjansi town council and has been doing this business for 4 years. She is confident with the business performance.
- Loan status
- Repaid
- Loan product
- Group Loan
- Loan amount
- UGX 1,000,000
- Repayment period
- 24
- Repayment interval
- Weekly
- Grace period
- 1
- Create date
- 10/06/2019
- Published date
- 03/10/2019
- Auction end date
- 17/10/2019
- Disbursement date
- 17/10/2019
- Disbursement fee
- 4.00 %
- Interest commission
- 15.00 %
- Lender interest limit
- 12.00 %
- Average lender interest
- 9.79 %
- Cost for business
- UGX 98,710
- APR (Annual percentage rate)
- 46.52 %
- Client name
- Mulungi Doreen
- Client description
- She is a married female client of 33 years old, resident of Kajjansi C cell in Kajjansi town council and operating a Raw Food Stall in Kajjansi market.
- Client images
-
- Due diligence status
- Passed
- Group
- Mulembe
- Description
- The name is in Luganda language and in English it means being modern. The name inspires group members to work hard to improve themselves ecomically and socially. Members in this group have a common factor of being in the same SACCO.
- Subgroup
- A
- Description
- The subgroup is named following the alphabetic order.
- Officer Name
- USSER
- Group members
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Group Disbursement Date Name Status Relation Mulembe/A 10/17/2019 Mulungi Doreen Repaid Chairperson Mulembe/A 10/17/2019 Namujju Angella Repaid Member Mulembe/A 10/17/2019 Walusimbi Lawrence Disbursed Member