Centenary Bank Uganda

Centenary Bank Uganda

Centenary Bank was created as a finance institution to serve the economically disadvantaged people especially in rural areas and contribute to the overall economic development of the country.

The banks offers loans to SMEs and Corporates engaged in profitable business activities in a variety of sectors including trade and commerce, transport, manufacturing and processing, fishing, building and construction, health, tourism and recreation.

Types of Commercial/SME/Corporate Loans include:

• Working Capital Loans - Maturity/Tenor is one year e.g. overdrafts, short term loans e.t.c.
• Development loans – Both short and medium term with maturity period of up to 5 years e.g. Real estate dealers, industrialists, school construction e.t.c.
• Trade finance loans for handing payments in trade, bid bonds, guarantees for advance payment, Import loans e.t.c.
• Agricultural loans for financing business agricultural activities in production and processing.
• Letters of Credit to finance import trade.

Basic Requirements:

• Savings or Current account with the Bank.
• Applicant must be resident within the branch designated area of operation.
• Securities include: registered mortgages on immoveable property and guarantees.
• Application fee of UShs. 20,000 and Shs. 50,000 for commercial and corprate loans respectively
• Completed loan application form.
Agricultural Loan

Loans designed to primarily finance business activities in the agricultural sector like crop and animal production, fishing and fish farming, bee keeping as well as food processing. The loan period is dependent on the nature and season of the agricultural activity to be financed.

Basic Requirements:

• Savings or Current account with the Bank.
• Applicant must not be having more than one loan with the Bank at time of application.
• Project undertaken must be an agricultural activity.
• Business project must have a minimum of 2 production seasons.
• Applicant must be resident within the branch designated area of operation.
• Applicant must be owner or tenant of the land on which he/she operates.
• Securities include land titles, unregistered land or moveable assets like cows, goats, sheep, household property or business equipment and tools.
• Application fee of UShs. 5,000.

Micro Business Loan

This is a short term business loan for financing working capital and asset acquisition of micro business enterprises.

Basic Requirements:

• Savings or Current Account with the Bank.
• Movable collateral like vehicles, household property or business assets.
• Guarantees, personal or corporate.
• Application fee of Shs. 5,000.
• Inspection of collateral.
• Legal perfection of collateral and guarantees.
• Applicant must be resident within the branch designated area of operation.
• There must be an on-going business activity
Danida Investment Loan

This is an investment loan designed to provide partial finance for the purchase of productive equipment or fixed assets for productive purpose e.g. milk coolers, construction of cattle dips, poultry pens and others.

Basic Requirements:

• Savings or Current account with Centenary Bank.
• Good credit history of at least two business loans with Centenary Bank.
• Profoma invoice for the equipment purchase.
• Minimum of 1 year experience in the business and equipment use.

For more information contact:

Centenary Rural Development Bank Ltd.,
Phone: +256 414 251 276 / 7, +256 414 346 856, +256 414 232 393
Address: Plot No.7 Entebbe Road,
Talenta House,
Kampala, Uganda.