CenteGreen Energy Loans
Product Features
- Minimum of UShs. 100,000 up to a maximum amount of UShs. 50 million.
- Application fee of 20,000.
- Processing fee of 2%.
- Fixed interest rate of 25% annum for working capital & 15% p.a. for end users charged on a declining balance.
- Customer contribution of 0 - 20% depending on the income source.
Benefits
- No monitoring fees.
- Attractive interest.
- Stoves save on firewood expenses.
Requirements
- Bank account in Centenary Bank.
- National ID.
- Affordability measure – facility installment plus other financial obligation not to exceed 50% of the net monthly income.
- Verifiable sources of income
- Security: Land, Personal guarantor’s chattels e.g., school equipment and machinery, H/H items, Motor vehicle or FDR can be taken as collateral
- An invoice or BOQ from reputable service provider (where applicable)
- Evidence of ownership/ authorization where stoves, biogas are to be installed, or trees planted.