Nakitto Winnie, Group Loan, ID: 94

To expand the business of supplying fresh fish especially tilapia and Nile perch  to Kibuye market in  Kampala city and surrounding areas. She needs a loan to expand wholesale fish business. She has been in this business since 2011 and very confident that during the right seasons, she can make a lot of money. She also deal in selling new and used clothes around major landing sites in Kalangala district on the shores of Lake Victoria. During daytime, she attends to the clothes business then later in the evening, uses the cash collected throughout the day to suppliment the fish business. There is a very minimal risk since fish has readily available market. Both businesses generate a monthly sales revenue of UGX 10,168,000/ ($2,748). The clothes business contribute 21% of her income while Fish business earns her 79% per month.

Loan status
Disbursed
Percent repaid
27 %
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
9.25 %
Cost for business
UGX 118,262
APR (Annual percentage rate)
58.27 %

Client name
Nakitto Winnie
Client description
She is a resident of Kajjansi 'A' and she sells clothes
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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