Centenary Bank is the second largest bank in Uganda in terms of the scope of its services. Its easy accessibility and relatively low rates have given Centenary Bank the reputation of being a bank for all Ugandans. Centenary Bank is market leader in the microfinance sector in Uganda and is also active in rural areas. Demand for loans remains high. Hivos-Triodos Fund, Triodos Microfinance Fund, Triodos Fair Share Fund and Triodos Sustainable Finance Foundation have provided loans that will enable Centenary Bank to continue to expand its microfinance portfolio. Hivos-Triodos Fund is a shareholder in the bank; a senior officer from Triodos Bank represents the fund on the Board of Directors.
KEY INDICATORS as of 31 December 2015:
- number of loan clients: 170,725
- percentage female clients: 24%
- percentage rural clients: 28%
- average loan amount: EUR 1,340
- number of savings clients: 1,109,203
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.