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Nor Horizon5Nor Horizon UCO LLC

Indicators
Currency
Years
  • Total assets
  • Gross loan portfolio
  • Total equity

Institutional Characteristics

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Currency USD USD USD USD USD
Total assets 1,126,183 1,650,264 2,011,169 2,619,364 2,895,056
Offices 7 — 7 7 7
Personnel 26 29 33 33 32

Financing Structure

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Capital/asset ratio 16.78% 21.93% 32.86% 26.48% 34.27%
Debt to equity ratio 4.96 3.56 2.04 2.78 1.92
Deposits to loans 0.00% 0.00% 0.00% 0.00% 0.00%
Deposits to total assets 0.00% 0.00% 0.00% 0.00% 0.00%
Gross loan portfolio to total assets 90.35% 85.14% 81.66% 78.60% 87.81%

Outreach

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Currency USD USD USD USD USD
+ Number of active borrowers 1,755 2,376 2,260 1,997 2,040
— — — — — 2,040
— — — — — 1,494
— — — — — 105
— — — — — 1,389
— — — — — 546
— — — — — 1,190
— 895 1,188 1,047 889 814
— — — — — 36
— — — — — 2,025
— — — — — 15
— — — — — 2,040
— — — — — 1,808
— — — — — 232
Percent of women borrowers 51.00% 50.00% 46.33% 44.52% 39.90%
+ Number of outstanding loans 1,755 2,376 2,260 1,997 2,040
— — — — — 2,040
— — — — — 1,808
— — — — — 232
— — — — — 2,040
— — — — — 1,494
— — — — — 105
— — — — — 1,389
— — — — — 546
— — — — — 2,025
— — — — — 15
— 1,650 2,153 2,096 1,997 2,040
— — — — — —
— 29 17 90 0 —
— — — — — —
— 76 28 31 0 —
— — — — — —
— 0 60 43 0 —
— 0 40 0 0 —
— 0 0 0 0 —
— — — — — 1,190
— — — — — 814
— — — — — 36
+ Gross loan portfolio 1,017,453 1,405,012 1,642,242 2,058,879 2,542,024
— — — — — 2,542,024
— — — — — 2,206,246
— — — — — 335,779
— — — — — 2,542,024
— — — — — 1,613,012
— — — — — 83,714
— — — — — 1,529,299
— — — — — 929,012
— — — — — 2,524,299
— — — — — 17,725
— 986,502 1,335,843 1,613,813 2,058,879 2,543,908,254
— 30,950 69,169 28,429 0 0
— 9,747 5,893 4,930 0 0
— — — — — —
— 21,203 11,104 23,499 0 0
— — — — — —
— 0 37,313 0 0 0
— 0 14,858 0 0 0
— 0 0 0 0 0
— — — — — 1,474,496
— — — — — 992,706
— — — — — 74,822
Average loan balance per borrower 580 591 727 1,031 1,246
Average loan balance borrower per borrower / GNI per capita 49.98% 39.42% 37.07% 39.20% 47.38%
Average outstanding balance 580 591 727 1,031 1,246
Average outstanding balance / GNI per capita 49.98% 39.42% 37.07% 39.20% 47.38%
+ Number of depositors 0 0 0 0 0
— — — — — 0
— — — — — 0
— — — — — 0
+ Number of deposit accounts 0 0 0 0 0
— — — — — 0
— — — — — 0
— — — — — 0
+ Deposits 0 0 0 0 0
— 0 0 0 0 0
— 0 0 0 0 0
— 0 0 0 0 —
— 0 0 0 0 —
— 0 0 0 0 0
Average deposit balance per depositor — — — — —
Average deposit balance per depositor / GNI per capita — — — — —
Average deposit account balance — — — — —
Average deposit account balance / GNI per capita — — — — —

Overall Financial Performance

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Return on assets 6.85% 7.64% 8.12% 0.27% 0.18%
Return on equity 15.02% 38.50% 29.08% 0.93% 0.60%
Operational self sufficiency 142.30% 147.13% 143.53% 104.60% 101.52%

Revenues

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Financial revenue/ assets 35.50% 35.70% 31.80% 16.22% 22.83%
Profit margin 29.72% 32.03% 30.33% 4.40% 1.49%
Yield on gross portfolio (nominal) 39.18% 40.81% 31.23% 20.18% 26.88%
Yield on gross portfolio (real) 30.13% 39.91% 27.54% 15.10% 21.53%

Expenses

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Total expense/ assets 24.95% 24.27% 22.15% 15.51% 22.49%
Financial expense/ assets 0.50% 4.21% 3.01% 3.85% 5.90%
Provision for loan impairment/ assets 3.17% 2.23% 1.88% 0.17% 0.18%
Operating expense/ assets 21.28% 17.82% 17.26% 11.48% 16.40%
Personnel expense/ assets 13.32% 12.37% 10.11% 6.86% 9.96%
Administrative expense/ assets 7.96% 5.45% 7.15% 4.62% 6.44%

Efficiency

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Operating expense/ loan portfolio 23.60% 20.43% 20.74% 14.37% 19.66%
Personnel expense/ loan portfolio 14.78% 14.18% 12.14% 8.58% 11.94%
Average salary/ GNI per capita 4.05 4.16 3.05 1.83 3.21
Cost per borrower 128 120 136 125 224
Cost per loan — 120 136 125 224

Productivity

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Borrowers per staff member 68 82 68 61 64
Loans per staff member 68 82 68 61 64
Borrowers per loan officer 117 140 151 166 170
Loans per loan officer 117 140 151 166 170
Depositors per staff member 0 0 0 0 0
Deposit accounts per staff member 0 0 0 0 0
Personnel allocation ratio 57.69% 58.62% 45.45% 36.36% 37.50%

Risk and Liquidity

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Portfolio at risk > 30 days 3.04% 4.92% 1.73% 0.00% 0.00%
Portfolio at risk > 90 days 2.08% 4.50% 1.43% 0.00% 0.00%
Write-off ratio 0.61% 0.90% 1.86% 0.07% 0.14%
Loan loss rate 0.61% 0.90% 1.86% 0.07% 0.00%
Risk coverage 82.65% 70.13% 234.34% — —
Non-earning liquid assets as a % of total assets 5.53% 13.87% 5.87% 10.14% 2.15%