2. Centenary Bank
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Institution

Centenary Rural Development Bank Head Office, Talenta House, Plot 7, Entebbe RoadP.O.Box 1892KampalaP.O.Box 1892
Data approved: 2011-06-29
Data version: 1
Age of data: -   months 
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Product

Salary Loan Product 3 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 93,243,431,060
Portfolio (USD)USD 42,383,378
Active Clients with Loans43,569
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.\r
Loan Purpose
Any purposex
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 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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size5,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average0
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
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 interest2.88%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAcceptance Commission
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan protection assurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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?

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 700,000UGX 2,000,000UGX 2,500,000UGX 2,800,000
Loan Cycle (1, 2, 3, etc)0000
Disbursement Date2011-05-012011-05-012011-05-012011-05-01
Loan Term (Months)10.0 months24.0 months24.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component26.1%29.2%24.4%29.5%
Insurance Component2.4%1.1%1.1%0.8%
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)28.5%30.4%25.5%30.3%
Transparency Index67627463
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Salary Loan Price Graphs


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Institution # Borrowers Portfolio (US$) Products Age of Data
ABT25,40037,378,0002115
AKIBA26,90036,852,0004128
BELITA5,800492,0001128
BRAC Tanzania102,30019,663,0002128
F & K Finance038,0001151
FINCA Tanzania78,40031,517,0003111
FMFC1,500392,0006128
K-Finance Ltd1,000264,0002128
Mbinga1,0002,986,0003128
MCBL3,6002,837,0006128
MDF Tanzania600148,0001128
NMB45,10074,528,0001128
Opportunity8,6003,018,0003128
PRIDE Tanzania104,40033,321,0003128
PTF-N/A128
Selfina8,0003,773,0002151
Tujijenge Tanzania10,0002,060,0004128
VF^Tanzania34,3907,613,0004122
Victoria100377,0003151
YOSEFO17,1002,211,0003151
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Key Statistics
# Samples:
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# 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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