2. Centenary Bank
Please note that the information you are viewing is 146 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. KREDIT
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Centenary Rural Development Bank Mapeera House, Plot 44-46, Kampala RoadKampalaP.O.Box 1892
Data approved: 2013-01-24
Data version: 2
Age of data: 146 months
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Institution

KREDIT Microfinance Institution Plc. #17, Street 163ChamkarmornPhnom Penh
Data approved: 2013-04-23
Data version: 3
Age of data: 140 months
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Product

Micro Business Loan Product 2 of 4 « Prev | Next »

Product

ID-USD Product 4 of 9 « Prev | Next »

Product Summary

Number borrowers55,071
Loan Amount (range)UGX 100,000 - 5,000,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method29.00%-42.00% annual, Decl Bal
Fees2 fees
Insurance0.45% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component21.9% - 35.0%
Fee Component1.1% - 23.6%
Insurance Component0.4% - 2.0%
Tax Component Range0
Full APR (int fee ins tax dep)30.9% - 46.4%
Transparency Index (min/max)53 - 94
Transparency Index (average)77

Product Summary

24,845
USD 100 - 20,000
4 - 36
19.8%-36.0% annual, Decl Bal
None
None
None
N/A
 
21.7% - 36.1%
0 - 0.8%
0
0
21.8% - 30.7%
65 - 107
73

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 76,020,881,939
Portfolio (USD)USD 29,238,801
Active Clients with Loans55,071
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Short-term loan with regular repayments offered to Micro business entrepreneurs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Northern, Western

Product Details

Key Statistics
Outstanding portfolio (USD)USD 42,321,723.05
Portfolio (USD)USD 42,321,723.05
Active Clients with Loans24,845
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ID USD product is an option for client who invests or develops their business activities by using loan in USD.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution12
# Regions for this product13
Regions ActiveBanteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampot, KandalKratié, Phnom Penh, Prey VengSiem Reap, Svay Rieng, Takéo

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00050%
UGX 1,000,000-5,000,00050%
UGX 5,000,000-7,500,0000
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than USD 2505%
USD 250-1,00015%
USD 1,000-1,50015%
USD 1,500-2,00015%
USD 2,000-2,50015%
Greater than USD 2,50015%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term36.0 months
Approx average20.4 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months40%
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest29.00%
Highest quoted nominal interest42.00%
Reason(s) why interest rate variesTime as Client, Interest rates are 42% per annum for new borrowers, 34% p.a for 2nd time borrowers up to the 4th loan cycle and 29% p.a for loans above the forth cycle.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionAcceptance CommissionStamp Duty
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min069,000
Fixed amount - max0510,000
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Protection Insurance
% of loan amount - min0.45%
% of loan amount - max0.45%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.65%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Micro Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 2,500,000UGX 4,000,000UGX 5,000,000UGX 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-202013-03-202013-03-132013-04-17
Loan Term (Months)23.0 months13.0 months13.0 months24.0 months
Grace Period (Months)0.4 months0.4 months1.1 months0.0 months
Total Cost of CreditUGX 815,522UGX 1,162,755UGX 1,344,040UGX 5,425,000
True Price by Comp       
Interest price component27.6%21.9%35.0%29.1%
Fee Component2.7%23.6%3.7%2.3%
Insurance Component0.6%0.9%0.9%0.5%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.9%46.4%39.6%31.9%
Transparency Index94637391
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

ID-USD samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 150USD 300USD 625USD 1,300USD 1,900USD 3,100
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-01-102013-03-212013-02-082013-03-222013-03-222013-03-19
Loan Term (Months)8.0 months10.0 months19.0 months18.0 months25.0 months24.0 months
Grace Period (Months)0.3 months-0.4 months6.4 months-0.1 months0.4 months0.1 months
Total Cost of CreditUSD 17USD 40USD 207USD 306USD 499USD 719
True Price by Comp           
Interest price component29.1%30.7%30.1%29.4%24.0%21.7%
Fee Component0.0%0.0%0.6%0.3%0.2%0.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.1%30.7%30.7%29.7%24.2%21.8%
Transparency Index686565678291
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Micro Business Loan Price Graphs


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ID-USD Price Graphs


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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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