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

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 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

Download Data

Analyze Data

Institution Details

Institution Type	Private 'For-Profit'
Is this institution regulated?	Yes
Website address	http://www.centenarybank.co.ug/
Year established	1983
Head of Institution	Fabian Kasi
Regions active	0
# Branches	38

Total Portfolio (nat'l)	UGX 395,191,000,000
Total Portfolio (USD)	USD 179,632,199.60
Active clients with loans	111,035
Approximate % female clients	20% - 40%
Approximate % urban clients	20% - 40%
Network affiliations
Funders

Loan Products » Summary

Home Improvement Loan

12,902 Borrowers

USD 21,264,665 Portfolio

Active Product

Micro Business Loan

42,942 Borrowers

USD 26,550,345 Portfolio

Active Product

Salary Loan

43,569 Borrowers

USD 42,383,378 Portfolio

Active Product

Small Business Loan

8,088 Borrowers

USD 28,560,490 Portfolio

Active Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban
Home Improvement Loan	UGX 100,000 - 30,000,000	6 - 24	20% - 40%	20% - 40%
Micro Business Loan	UGX 100,000 - 5,000,000	3 - 24	20% - 40%	20% - 40%
Salary Loan	UGX 100,000 - 5,000,000	3 - 24	20% - 40%	40% - 60%
Small Business Loan	UGX 5,100,000 - 15,000,000	6 - 24	20% - 40%	20% - 40%

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Compulsory Deposit	APR (int+fee)	Full APR
Home Improvement Loan	21.96%-27.96% annual, Decl Bal	1 Fee	1 Ins	N/A	0%	0%
Micro Business Loan	21.96%-45.96% annual, Decl Bal	1 Fee	0 Ins	N/A	0%	0%
Salary Loan	18.96%-34.56% annual, Decl Bal	1 Fee	0 Ins	N/A	0%	0%
Small Business Loan	21.96%-45.96% annual, Decl Bal	0 Fees	1 Ins	N/A	0%	0%

Institution Price Graph

Click to view Price Analysis Tool

Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Cooperative Limited ADL House, 3rd FloorCity CenterLilongwe, Central

Data approved: 2011-01-31

Data version: 1

Age of data: - months

Download Data

Analyze Data

Product

Phindu (Group Business) Product 3 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 92,382,611
Portfolio (USD)	USD 615,884
Active Clients with Loans	4,984
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

This is a group business loan targeting small and medium entrepreneurs in both rural and urban areas.\r

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
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	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 10,000
Maximum loan size	250,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance premium
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?

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

Phindu (Group Business) samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	MWK 10,800	MWK 30,000	MWK 57,000	MWK 128,500	MWK 228,900
Loan Cycle (1, 2, 3, etc)	3	3	5	5	5
Disbursement Date	2013-01-07	2013-01-07	2012-10-23	2012-10-23	2012-10-23
Loan Term (Months)	4.0 months	5.0 months	6.0 months	10.0 months	6.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	65.0%	65.4%	64.2%	61.9%	0.0%
Insurance Component	10.8%	9.2%	7.9%	5.2%	72.1%
Tax Component	0.0%	0.0%	0.0%	0.0%	-72.1%
Deposit Component	0.0%	0.0%	0.0%	0.0%	72.1%
Full APR (int fee ins tax dep)	75.8%	74.6%	72.1%	67.1%	72.1%
Transparency Index	40	40	42	45	42

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

Phindu (Group Business) Price Graphs

Click to view Price Analysis Tool

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
	to
	to
	to ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

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

Phindu (Group Business) samples

Phindu (Group Business) Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources