December 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 1556 individuals receiving loans in December, those two institutions impacted about 7780 lives.

Summary Statistics for
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) December December
2011 2011
Outreach
Number of group loans disbursed this month 177 122
Number of individual new borrowers 525 10
Number of individual repeat borrowers 421 600
Total number of individual borrowers 946 610
Disbursements
Amount disbursed this month (rand) 1,373,100 870,100
Amount disbursed since inception (rand) 32,391,300 19,436,800
Portfolio Size
Number of active groups 832 1,111
Number of active borrowers 4,327 5,555
Average number of borrowers per group 5.2 5.0
Average outstanding loan balance 920 720
Portfolio Quality
Repayment rate 88% 84%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 1% 2%
Productivity
Number of field staff 21 42
Number of admin staff 5 5
Total number of staff 26 47

$1 Cdn = approx 7.10 Rand 06-Feb-12

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