July 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 1499 individuals receiving loans in July, those two institutions impacted about 7495 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) July July
  2011 2011
     
Outreach    
Number of group loans disbursed this month 138 154
Number of individual new borrowers 472 370
Number of individual repeat borrowers 257 400
Total number of individual borrowers 729 770
     
Disbursements    
Amount disbursed this month (rand) 954,300 1,036,100
Amount disbursed since inception (rand) 26,420,900 13,349,800
     
Portfolio Size    
Number of active groups 548 809
Number of active borrowers 2,871 4,045
Average number of borrowers per group 5.24 5.00
Average outstanding loan balance 933 759
     
Portfolio Quality    
Repayment rate 96% 96%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 1% 2%
     
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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