Namukasa Annet, Group Loan, ID: 91

Annet is operating a drug shop south of Kajjansi market in Kajjansi Town Council. She needs a loan to increase on the existing stock and fill the stakeouts of drugs. She obtained a local license from Kajjansi Town Council as she process the industry license and the business is operating normally. The business sales are still low in the drug shop but will have positive returns from using this loan. A monthly revenue of UGX 1,452,667/ ($393) is expected from selling of drugs and treatment of patients (children) plus additional income from houses for rent. However, there is a risk of drugs expiring which can cost the business of revenue but its not common. The drug shop contributes 69% of her income while rental houses earns her 31% per month.

Loan status
Disbursed
Percent repaid
9 %
Loan product
Group Loan
Loan amount
UGX 1,000,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
18/06/2019
Published date
20/07/2020
Auction end date
14/09/2020
Disbursement date
14/09/2020

Disbursement fee
5.00 %
Interest commission
20.00 %
Lender interest limit
12.00 %
Average lender interest
11.97 %
Cost for business
UGX 123,945
APR (Annual percentage rate)
61.64 %

Client name
Namukasa Annet
Client description
She operates a drug shop business located in Kawotto 'A' within Kajjansi. She is a trained nurse with many years of working experience. She sells the drugs and provide treatment to mild cases of patients especially children, the service is close to the local community and affordable.
Client images
Due diligence status
Passed
Group
Favour
Description
Group members came together because a chance favours a hardworking and ready mind. All members work and live in Kajjansi town.  
Subgroup
One
Description
This subgroup name is called One. They chose this name because it's the first subgroup in the entire group.  
Officer Name
Waca Ivan
Group members
Group Disbursement Date Name Status Relation
Favour/One 9/14/2020 Namukasa Annet Disbursed Secretary
Favour/One 9/14/2020 Nakalanzi Edith Kikomeko Disbursed Member
Favour/One 9/14/2020 Nabbosa Sarah Disbursed Member
Favour/One 9/14/2020 Nakitto Winnie Disbursed Chairperson
Favour/One 9/14/2020 Niwabiine Pleasant Disbursed Member

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