March 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 1484 individuals receiving loans in March, those two institutions impacted about 7240 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) March March
  2011 2011
     
Outreach    
Number of group loans disbursed this month 106  188 
Number of individual new borrowers 246  320 
Number of individual repeat borrowers 298  620 
Total number of individual borrowers 544  940 
     
Disbursements    
Amount disbursed this month (rand) 759,200  1,124,000 
Amount disbursed since inception (rand) 23,035,000  9,880,500 
     
Portfolio Size    
Number of active groups 391  644 
Number of active borrowers 2,065  3,220 
Average number of borrowers per group 5.28  5.00
Average outstanding loan balance 952  733 
     
Portfolio Quality    
Repayment rate 97%  98% 
Portfolio at risk (31-90 days) 0%  2%
Bad debts (91 – 365 days) 3% 1% 
     
Productivity    
Number of field staff 16 34
Number of admin staff 4 5
Total number of staff 20 39
     
$1 Cdn = approx 7.26 Rand    
06-Nov-11    

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