April 2011 Update for Tetla Financial Solutions and Phakamani Foundation

Each month we receive detailed financial reports from the two microfinance institutions we support in South Africa: Tetla Financial Solutions, operating in the townships around Cape Town, and Phakamani Foundation, operating in the townships around White River (about 4 hours drive east of Johannesburg). Each loan typically affects more than 5 lives for the better. With 1107 individuals receiving loans in April, those two institutions impacted about 5535 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) April April
  2011 2011
     
Outreach    
Number of group loans disbursed this month 85 130
Number of individual new borrowers 269 385
Number of individual repeat borrowers 188 265
Total number of individual borrowers 457 650
     
Disbursements    
Amount disbursed this month (rand) 622,000 761,400
Amount disbursed since inception (rand) 23,657,200 10,641,900
     
Portfolio Size    
Number of active groups 418 586
Number of active borrowers 2,197 2,930
Average number of borrowers per group 5.26 5.00
Average outstanding loan balance 910 866
     
Portfolio Quality    
Repayment rate 96% 98%
Portfolio at risk (31-90 days) 1% 2%
Bad debts (91 – 365 days) 4% 2%
     
Productivity    
Number of field staff 16 34
Number of admin staff 4 5
Total number of staff 20 39

$1 Cdn = approx 7.26 Rand
06-Nov-11

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