2. Centenary Bank
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Farmer Finance
Please note that the information you are viewing is 139 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: 144 months
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Institution

Farmer Finance Ltd 1071, National Road 2Chak Angre LeuPhnom PenhPO Box 88772
Data approved: 2013-03-20
Data version: 3
Age of data: 139 months
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Product

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Product Summary

Number borrowers49,036
Loan Amount (range)UGX 100,000 - 250,000,000
Loan Term (range)3 - 48
Other Services (text summary)Credit Ins
Annual Interest & Method18.96%-27.96% annual, Decl Bal
Fees2 fees
Insurance1.00% 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)28.5% - 36.0%
Transparency Index (min/max)53 - 94
Transparency Index (average)60

Product Summary

266
USD 250 - 24,000
1 - 24
20.4%-27.6% annual, Decl Bal
0.50%-0.00% upfront
None
None
None
 
18.3% - 30.7%
0.5% - 8.3%
0
0
20.3% - 37.0%
55 - 101
79

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 109,752,000,000
Portfolio (USD)USD 42,212,308
Active Clients with Loans49,036
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan offered to salaried employees of reputable organizations and/or companies whose mode of salary payment is through monthly remittences of net salary by Employer to the borrowers' salary account held at Centenary Bank.
Loan Purpose
Any purposex
Income generation
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 business
Must own a home or land
Must be a salaried workerx
Must be specific age group
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 407,300
Portfolio (USD)USD 407,300
Active Clients with Loans266
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Any loan for general purposes,like school fees, home improvement, buy machines for farms; death burial expenses etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
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 business
Must own a home or land
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 institution1
# Regions for this product1
Regions ActivePhnom Penh

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size250,000,000
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 term48.0 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 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size24,000
Distribution at Disbursement (Est.)
Loans less than USD 2500
USD 250-1,00010%
USD 1,000-1,50030%
USD 1,500-2,00020%
USD 2,000-2,50015%
Greater than USD 2,50015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months40%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.58%
Highest quoted nominal interest2.33%
Reason(s) why interest rate variesClient Risk
Interest rate periodMonthly
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 - min010,000
Fixed amount - max010,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Protection Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
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 interest1.70%
Highest quoted nominal interest2.30%
Reason(s) why interest rate variesDepends client circumstances - poorer people are charged a lower rate.
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.50%
% of loan amount - max0
OR, Fixed amount - min0
Fixed amount - max40
Reason for variation0.5% subject to a maximum of 40 USD
Appears on Repayment Sched?Yes
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 forSome
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Salary Loan samples
Sample 2Sample 4Sample 6
Loan AmountUGX 880,000UGX 3,600,000UGX 32,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-042013-03-052013-03-06
Loan Term (Months)12.0 months49.0 months50.0 months
Grace Period (Months)-0.1 months0.0 months0.9 months
Total Cost of CreditUGX 172,187UGX 2,540,464UGX 22,730,000
True Price by Comp     
Interest price component27.6%27.6%26.8%
Fee Component6.4%1.4%1.1%
Insurance Component2.0%0.6%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)36.0%29.6%28.5%
Transparency Index536466
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

General Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 250USD 600USD 1,200USD 1,800USD 2,400USD 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-162012-11-032013-01-212011-12-282012-01-132012-08-17
Loan Term (Months)5.1 months6.0 months12.0 months61.0 months49.0 months12.0 months
Grace Period (Months)0.0 months0.9 months0.2 months0.0 months-0.1 months-0.3 months
Total Cost of CreditUSD 20.75USD 48.95USD 171USD 995.90USD 1,196USD 332.28
True Price by Comp           
Interest price component24.8%30.7%23.2%20.9%23.8%18.3%
Fee Component8.3%6.3%2.4%1.0%0.5%2.0%
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)33.1%37.0%25.6%21.9%24.3%20.3%
Transparency Index6255809384100
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Salary Loan 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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