Centenary Rural Development Bank - Small Business Loan - MFTransparency.org Truth In Lending Tables

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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: 145 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 5,100,000
Portfolio (USD)	USD 1,962
Active Clients with Loans	20,000
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loans offered to small busness entreprenuers whose financial needs require funding greater than Ushs. 5 milion up to a maximum of Ushs. 15 milion. Repayment is through regular equal loan installments.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Central, Eastern, Northern, Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 5,100,000
Maximum loan size	20,000,000

Distribution at Disbursement (Est.)

Loans less than UGX 1,000,000	0
UGX 1,000,000-5,000,000	0
UGX 5,000,000-7,500,000	30%
UGX 7,500,000-10,000,000	30%
UGX 10,000,000-13,000,000	20%
Greater than UGX 13,000,000	20%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	20%
Between 10 and 12 months	30%
Between 13 and 18 months	30%
Longer than 18 months	20%

Grace Period

Grace period usage	10%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months	x
Quarterly	x
Every 6 months	x
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.83%
Highest quoted nominal interest	2.00%
Reason(s) why interest rate varies	Client Risk
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Acceptance Fee	Stamp Duty & Mortgage Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	69,000
Fixed amount - max	0	510,000
Reason for variation	N/A	10,000 Stamp Duty & 59,000 to 500,000 Mortgage fee.
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

	Fee 1
Description	Monthly Monitoring Fee
% of loan amount - min	0.50%
% of loan amount - max	0.67%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	New borrowers pay 0.67% & existing borrowers pay 0.5%.
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

	Ins 1
Description	Loan Protection Insurance
% of loan amount - min	0.45%
% of loan amount - max	0.45%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small Business Loan samples

	Sample 2	Sample 3	Sample 4
Loan Amount	UGX 11,000,000	UGX 12,500,000	UGX 15,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-12-11	2012-07-09	2013-01-09
Loan Term (Months)	13.0 months	24.0 months	37.0 months
Grace Period (Months)	0.7 months	0.0 months	0.0 months
Total Cost of Credit	UGX 2,431,796	UGX 4,894,980	UGX 8,658,864
True Price by Comp
Interest price component	26.9%	29.6%	29.7%
Fee Component	8.4%	4.9%	3.4%
Insurance Component	0.9%	0.5%	0.4%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	36.2%	35.0%	33.5%
Transparency Index	61	63	65

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Small Business Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	160
AJDFI	13,100	884,000	6	160
ARDCI	44,600	9,403,000	1	160
ASA Philippines	333,400	29,282,000	1	160
ASHI	35,400	5,231,000	6	160
ASKI	60,000	15,247,000	4	160
Bangko Kabayan	8,900	2,373,000	2	160
BSEI	600	73,000	2	160
CBI	8,100	2,010,000	5	160
CCT	70,300	9,504,000	4	160
CEV	35,400	5,111,000	4	160
DSPI	59,300	3,676,000	3	160
ECLOF	5,400	1,836,000	4	160
FCB	12,000	2,392,000	2	160
FMB	2,700	710,000	2	160
GM Bank	23,500	1,553,000	3	160
HSPFI	19,100	1,899,000	2	160
JVOFI	1,300	281,000	1	160
Katipunan Bank	42,100	5,325,000	2	160
KDCI	20,500	2,095,000	3	160
KGI	32,300	3,421,000	4	160
KMBI	245,000	15,098,000	1	160
LTMPC	37,400	8,935,000	3	160
Mallig Plains	6,500	641,000	2	160
MILAMDEC	29,800	3,278,000	2	160
MWIMPC	11,800	1,740,000	4	159
NWTF	105,500	12,698,000	5	160
OFMPC	4,400	964,000	1	160
PBC	50,700	10,434,000	4	160
PCSD	700	167,000	1	160
PMPC	23,500	5,565,000	8	160
RB Angeles	900	1,502,000	2	160
RB Labason	500	289,000	1	160
RBLI	5,200	1,026,000	2	160
RBMI	11,900	1,750,000	2	160
RMB	100	173,000	1	160
RSPI	39,600	2,834,000	4	160
SAFRAGEMC	1,100	229,000	1	160
Salve	10,900	1,191,000	3	160
SEDP	27,000	3,914,000	3	160
TSKI	212,900	25,187,000	2	160
TSPI	264,500	31,290,000	7	160
Valient	1,700	672,000	2	160

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Small Business Loan samples

Small Business Loan Price Graphs

Total Borrowers of Samples

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