Lubega Tracy Teddy
She is up for a loan to restock her retail shop with items such as stationery especially primary exercise books, manilas, pencils. Other items include a 50kg
bag of sugar, 20L Jerrican of cooking oil, bag of rice and detergents. She is a teacher by profession and spends most of the time at the school but she employees a shop attendant to run the shop which is an alternative source of income. The shop attendant is a family member and she has not yet started paying her since she is still on a probation. The business has been in operation for one year and demand for goods is readily available. The shop is for locally desired household consumable items. The officer did not notice any major risk for the business but observed that stock items were scanty in the shelves with many customer walk-ins. The shop is located in a residential area with only one more shop in a radius of 100m.
Tracy also owns a school called New Generation junior school with approximately 100 pupils located right opposite the shop.
Top up Loan
Teddy is seeking for a top up loan of UGX 400,000/ to restock her Retailshop Business. She will use this loan to buy a bag of Sugar (50 kg), Bag of beans (50 kg), 50 kg of maize flour, Box of bar soap, 50 kg of rice and 20 litters of cooking oil. She operates a Nursery school as her main business which has been closed up to now due to COVID-19 crisis. She is currently dependent on a retailshop as her source of income and livelihood. This has strained the business but she is confident that if she gets this top up loan, she will be able to the existing and loan obligations.