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. WASIL
Please note that the information you are viewing is 116 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

WASIL FOUNDATION 148-PModel Town ExtensionLahore, Punjab
Data approved: 2015-06-11
Data version: 1
Age of data: 116 months

Product

Salary Loan Product 3 of 4 « Prev | Next »

Product

Murabaha Product 1 of 2 « Prev | Next »

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

3,982
PKR 10,000 - 75,000
8 - 15
22.0% annual, Flat
1,000.00 upfront
None
None
N/A
 
37.7% - 45.1%
2.7% - 14.7%
0
0
40.5% - 53.2%
41 - 54
48

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 (PKR)PKR 95,012,510
Portfolio (USD)USD 933,022.85
Active Clients with Loans3,982
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Murhabha is monthly installment plan, disbursed for enterprise development. This facility is eqaully available to women and men. WF is operating murabha under islamic mode of financing , through dealing in product sale and purchase.
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 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 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 ActivePunjab

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
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00010%
PKR 25,000-50,00020%
PKR 50,000-75,00070%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term15.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
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

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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan processing fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max1,000
Reason for variationN/A
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 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

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

Murabaha samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 30,000 Real 2015-04-24 11.0 months N/A PKR 7,600 53.2% 45.1% 8.1% 0.0% 0.0% 0.0% 41 PDF PDF
PKR 30,000 Generated 2015-06-01 11.0 months N/A PKR 7,057.53 44.8% 37.7% 7.1% 0.0% 0.0% 0.0% 49 - PDF
PKR 50,000 Real 2015-04-10 11.0 months N/A PKR 12,000.40 49.9% 45.1% 4.8% 0.0% 0.0% 0.0% 44 PDF PDF
PKR 50,000 Generated 2015-06-01 11.0 months N/A PKR 11,095.89 41.9% 37.7% 4.2% 0.0% 0.0% 0.0% 52 - PDF
PKR 15,000 Generated 2015-06-01 11.0 months N/A PKR 4,028.77 52.4% 37.7% 14.7% 0.0% 0.0% 0.0% 42 - PDF
PKR 26,000 Generated 2015-06-01 11.0 months N/A PKR 6,249.86 46.0% 37.7% 8.3% 0.0% 0.0% 0.0% 48 - PDF
PKR 29,000 Generated 2015-06-01 11.0 months N/A PKR 6,855.62 45.1% 37.7% 7.4% 0.0% 0.0% 0.0% 49 - PDF
PKR 35,000 Generated 2015-06-01 11.0 months N/A PKR 8,067.12 43.8% 37.7% 6.1% 0.0% 0.0% 0.0% 50 - PDF
PKR 45,000 Generated 2015-06-01 14.0 months N/A PKR 12,581.64 41.7% 37.8% 3.9% 0.0% 0.0% 0.0% 53 - PDF
PKR 65,000 Generated 2015-06-01 14.0 months N/A PKR 17,729.04 40.5% 37.8% 2.7% 0.0% 0.0% 0.0% 54 - PDF
Salary Loan Price Graphs


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Murabaha 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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