November 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 2219 individuals receiving loans in November, those two institutions impacted about 11095 lives.

Summary Statistics for
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) November November
2011 2011
Outreach
Number of group loans disbursed this month 197 234
Number of individual new borrowers 628 510
Number of individual repeat borrowers 421 660
Total number of individual borrowers 1049 1170
Disbursements
Amount disbursed this month (rand) 1,469,000 1,662,400
Amount disbursed since inception (rand) 31,923,800 18,566,700
Portfolio Size
Number of active groups 748 1133
Number of active borrowers 3,878 5,665
Average number of borrowers per group 5.18 5.00
Average outstanding loan balance 957 745
Portfolio Quality
Repayment rate 88% 100%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 0% 1%
Productivity
Number of field staff 21 42
Number of admin staff 4 7
Total number of staff 25 49

$1 Cdn = approx 7.10 Rand 06-Feb-12

Leave a Reply

Your email address will not be published. Required fields are marked *