August 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 2111 individuals receiving loans in August, those two institutions impacted about 10555 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) August August
  2011 2011
     
Outreach    
Number of group loans disbursed this month 139 275
Number of individual new borrowers 468 745
Number of individual repeat borrowers 268 630
Total number of individual borrowers 736 1375
     
Disbursements    
Amount disbursed this month (rand) 993,0000 1,622,900
Amount disbursed since inception (rand) 27,413,900 14,972,700
     
Portfolio Size    
Number of active groups 596 942
Number of active borrowers 3,123 4,710
Average number of borrowers per group 5.24 5.00
Average outstanding loan balance 924 818
     
Portfolio Quality    
Repayment rate 94% 98%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 1% 1%
     
Productivity    
Number of field staff 17 39
Number of admin staff 4 6
Total number of staff 21 45

$1 Cdn = approx 7.26 Rand

06-Nov-11

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