September 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 1694 individuals receiving loans in September, those two institutions impacted about 8470 lives.

Summary Statistics for
Tetla Financial Solutions (“Tetla”) Tetla Phakamani
Phakamani Foundation (“Phakamani”) September September
2011 2011
Outreach
Number of group loans disbursed this month 149 179
Number of individual new borrowers 448 585
Number of individual repeat borrowers 351 310
Total number of individual borrowers 799 895
Disbursements
Amount disbursed this month (rand) 1,030,800 1,024,600
Amount disbursed since inception (rand) 29,270,700 15,997,300
Portfolio Size
Number of active groups 659 972
Number of active borrowers 3,459 4,860
Average number of borrowers per group 5.25 5.00
Average outstanding loan balance 850 810
Portfolio Quality
Repayment rate 93% 99%
Portfolio at risk (31-90 days) 0% 1%
Bad debts (91 – 365 days) 1% 1%
Productivity
Number of field staff 18 46
Number of admin staff 4 6
Total number of staff 22 52

$1 Cdn = approx 7.10 Rand

06-Feb-12

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