January 2011 update from 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 546 individuals receiving loans in January, those two institutions impacted about 2730 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”)       Tetla Phakamani
Phakamani Foundation (“Phakamani”) Jan Jan
  2011 2011
     
Outreach    
Number of group loans disbursed this month 45 61
Number of individual new borrowers 56 80 
Number of individual repeat borrowers 185 225 
Total number of individual borrowers 241 305 
     
Disbursements    
Amount disbursed this month (rand) 367,300 409,900
Amount disbursed since inception (rand) 21,727,700 8,134,000
     
Portfolio Size    
Number of active groups 365 491
Number of active borrowers 1867 2455 
Average number of borrowers per group 5.12 5.00
Average outstanding loan balance 945 1178
     
Portfolio Quality    
Repayment rate 90% 94%
Portfolio at risk (31-90 days) 2% 3.5%
Bad debts (91 – 365 days) 3% 1.7%
     
Productivity    
Number of field staff 14 33
Number of admin staff 4 4
Total number of staff 18 37
     
$1 Cdn = approx 7.08 Rand    
09-Mar-11    

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