Nattembo Melida, Group Loan, ID: 97

She is up for a loan to purchase more food stock items such as pumpkins, sweet potatoes, yams and cassava. The food stall is situated in an open area in the market and she uses an umbrella as a temporary shelter. She suffers from rain water and heat but does not affect her sales. She has been operating the business for nineteen years which indicates a sign of business stability. 27/06/2020 Top-up loan Melida needs a top up loan of UGX 500,000/ to restock the business (Raw Food Stall) with items such as pumpkins, sweet potatoes, yams and cassava. During the period of tight restrictions, she used to sleep in the market according to the advice from the ministry of health to avoid contracting infections. However, there were very few customers, suppliers and low income which culminate to sharp business decline. This stimulus loan will help to resuscitate her business after the crisis of COVID-19. 

Loan status
Repaid
Loan product
Group Loan
Loan amount
UGX 500,000
Repayment period
24
Repayment interval
Weekly
Grace period
1

Create date
16/10/2019
Published date
19/10/2019
Auction end date
04/12/2019
Disbursement date
04/12/2019

Disbursement fee
4.00 %
Interest commission
15.00 %
Lender interest limit
12.00 %
Average lender interest
11.89 %
Cost for business
UGX 51,624
APR (Annual percentage rate)
49.02 %

Client name
Nattembo Melida
Client description
Melida is a female client born in 1976, resident of Bweya Central Cell. She Owns and operate a food stall in Kajjansi market. She has been doing this business for 18 years.
Previous loans
Id Date Amount Status Link
40 25-03-2019 UGX 500,000 Repaid show
Client images
Due diligence status
Passed
Group
Kajjansi III
Description
It's a new group formed with 10 members divided into two subgroups from Kajjansi market and outside.  
Subgroup
Bwavu mpologoma
Description
Bwavu mpologoma is a proverb in Luganda which means that poverty is like a lion, if you don't fight hard, you cannot survive it. Second Cycle: All members in second cycle have applied for a repeat loan. In addition, Nattembo Melida has replaced Ssegawa Margret in the second cycle.
Officer Name
Hans Henrik
Group members
Group Disbursement Date Name Status Relation
Kajjansi III/ Bwavu mpologoma 1/22/2019 Nambalirwa Mariam Repaid Chairperson
Kajjansi III/ Bwavu mpologoma 1/22/2019 Biikara Eunice Repaid Secretary
Kajjansi III/ Bwavu mpologoma 1/22/2019 Nalugo Angela Repaid Member
Kajjansi III/ Bwavu mpologoma 1/22/2019 Namutebi Catherine Repaid Member
Kajjansi III/ Bwavu mpologoma 1/22/2019 Ssegawa Margret Repaid Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nattembo Melida Repaid Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nambalirwa Mariam Repaid Chairperson
Kajjansi III/ Bwavu mpologoma 12/4/2019 Biikara Eunice Disbursed Secretary
Kajjansi III/ Bwavu mpologoma 12/4/2019 Nalugo Angela Disbursed Member
Kajjansi III/ Bwavu mpologoma 12/4/2019 Namutebi Catherine Disbursed Member
Kajjansi III/Tusitukiremu 1/22/2019 Lutatinisibwa Idirisa Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Nakazibwe Nuluyati Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Namakula Margrate Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Namuyiga Rehemah Gilly Repaid Member
Kajjansi III/Tusitukiremu 1/22/2019 Ndagire Jolly Repaid Member
Kajjansi III/Tusitukiremu 12/4/2019 Namakula Margrate Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Lutatinisibwa Idirisa Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Namuyiga Rehemah Gilly Disbursed Member
Kajjansi III/Tusitukiremu 12/4/2019 Ndagire Jolly Disbursed Member

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