June 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 1757 individuals receiving loans in June, those two institutions impacted about 8785 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) June June
  2011 2011
     
Outreach    
Number of group loans disbursed this month 158 184
Number of individual new borrowers 589 580
Number of individual repeat borrowers 248 340
Total number of individual borrowers 837 920
     
Disbursements    
Amount disbursed this month (rand) 1,114,700 1,063,900
Amount disbursed since inception (rand) 25,466,600 12,313,700
     
Portfolio Size    
Number of active groups 496 752
Number of active borrowers 2,629 3,760
Average number of borrowers per group 5.30 5.00
Average outstanding loan balance 942 751
     
Portfolio Quality    
Repayment rate 97% 96%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 1% 3%
     
Productivity    
Number of field staff 17 39
Number of admin staff 4 5
Total number of staff 21 44

$1 Cdn = approx 7.26 Rand

06-Nov-11

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