Outstanding portfolio (GHS) | GHS 642,800 |
Portfolio (USD) | USD 326,294.42 |
Active Clients with Loans | 1,236 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other | varies from 10 to 64 in a group |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Agricultural produce marketing |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | GHS |
Minimum loan size | GHS 150 |
Maximum loan size | GHS 500 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 40.00% |
Highest quoted nominal interest | 40.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Affiliation Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1 |
Fixed amount - max | 6 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 20.00% |
Maximum interest rate paid | 20.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 250 | GHS 300 | GHS 300 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-06-09 | 2010-06-09 | 2011-06-09 | ||
Loan Term (Months) | 5.1 months | 5.1 months | 5.1 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 46.8% | 59.5% | 58.2% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 6.2% | 7.6% | 7.2% | ||
Full APR (int fee ins tax dep) | 53.0% | 67.1% | 65.4% | ||
Transparency Index | 75 | 60 | 61 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.centenarybank.co.ug/ |
Year established | 1983 |
Head of Institution | Fabian Kasi |
Regions active | Central, Eastern, Northern, Western |
# Branches | 38 |
Total Portfolio (nat'l) | UGX 574,975,000,000 |
Total Portfolio (USD) | USD 221,144,230.80 |
Active clients with loans | 133,802 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Home Improvement Loan | UGX 100,000 - 30,000,000 | 3 - 36 | 20% - 40% | 20% - 40% | Housing | Women, Men, Have home or land | Credit Ins | |||||||
Micro Business Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Specific age group | Credit Ins | |||||||
Salary Loan | UGX 100,000 - 250,000,000 | 3 - 48 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Small Business Loan | UGX 5,100,000 - 20,000,000 | 3 - 24 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Home Improvement Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 31.2% - 34.3% | 31.6% - 35.2% | 72 | ||||||||
Micro Business Loan | 29.00%-42.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 30.3% - 45.5% | 30.9% - 46.4% | 77 | ||||||||
Salary Loan | 18.96%-27.96% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 27.9% - 34% | 28.5% - 36% | 60 | ||||||||
Small Business Loan | 21.96%-24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 33.1% - 35.3% | 33.5% - 36.2% | 62 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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