Centenary Rural Development Bank, Uganda: a flagship of rural bank reform in Africa
strengths in savings mobilization but performed poorly as a financial intermediary. This article describes Centenary'sprogress since reform in the early 1990s when it was transformed into a commercial bank.
With donor support, the bank introduced a highly effective individual lending technology, including a computerized loan-tracking system, and staff and customer incentives encouraging timely repayments.
This has resulted in an impressive portfolio-in-arrears ratio of around three per cent. Since 2002, the bank has started to overcome its quality-vs-productivity dilemma, by shifting incentives from
repayment towards disbursement, and adding mesofinance for small and medium entrepreneurs. This move has substantially contributed to both the bank'ssustainability and its outreach to poor savers.
Finance for Food
Innovative Microfinance: Potential for Serving Rural Markets Sustainably
Meyer, Richard L.
2014https://doi.org/10.1007/978-3-642-54034-9_5 [Citations: 3]
From financial exclusion to financial inclusion through microfinance: the case of rural Zimbabwe
Makoni, Patricia Lindelwa
Corporate Ownership and Control, Vol. 11 (2014), Iss. 4 P.447https://doi.org/10.22495/cocv11i4c5p2 [Citations: 1]
Money with a Mission (Volume 1)
Back Matter - Money with a Mission - Volume 1
2005https://doi.org/10.3362/9781780440866.010 [Citations: 0]
Microfinance in Developing Countries
Microcredit and Agriculture: Challenges, Successes and Prospects
Meyer, Richard L.
2013https://doi.org/10.1057/9781137301925_10 [Citations: 1]
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