May 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  985 individuals receiving loans in May, those two institutions impacted about 4925 lives.

Summary Statistics for    
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) May May
  2011 2011
     
Outreach    
Number of group loans disbursed this month 90 99
Number of individual new borrowers 296 300
Number of individual repeat borrowers 194 195
Total number of individual borrowers 490 495
     
Disbursements    
Amount disbursed this month (rand) 694,700 607,900
Amount disbursed since inception (rand) 24,351,900 11,249,800
     
Portfolio Size    
Number of active groups 442 613
Number of active borrowers 2,323 3,065
Average number of borrowers per group 5.26 5.00
Average outstanding loan balance 878 814
     
Portfolio Quality    
Repayment rate 98% 95%
Portfolio at risk (31-90 days) 0% 2%
Bad debts (91 – 365 days) 4% 3%
     
Productivity    
Number of field staff 16 42
Number of admin staff 4 5
Total number of staff 20 47

$1 Cdn = approx 7.26 Rand
06-Nov-11

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