Soro Yiriwaso | MIX Market

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	1,664,393	1,659,631	2,656,333	5,435,746	7,018,899
Offices	—	—	8	8	7
Personnel	63	79	83	83	106

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	80.09%	64.71%	40.91%	21.46%	19.49%
Debt to equity ratio	0.25	0.55	1.44	3.66	4.13
Deposits to loans	—	—	11.45%	18.28%	20.42%
Deposits to total assets	—	—	7.75%	12.61%	14.08%
Gross loan portfolio to total assets	64.37%	80.92%	67.65%	68.99%	68.93%

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		13,307	18,574	23,116	37,069	40,037
+ Products (credit)
Retail loans	—	—	—	—	—	40,037
+ Relationship
External customers	—	—	—	—	—	39,977
Management and staff	—	—	—	—	—	60
+ Gender
Male	—	—	—	—	—	1,413
Female	—	13,287	18,549	22,885	36,253	38,624
+ Location
Urban	—	—	—	—	—	8,007
Rural	—	—	—	—	—	32,030
Percent of women borrowers		99.85%	99.87%	99.00%	97.80%	96.47%
+ Number of outstanding loans		—	—	23,116	37,069	40,037
+ Location
Urban	—	—	—	—	—	8,007
Rural	—	—	—	—	—	32,030
+ Products (credit)
Retail loans	—	—	—	—	—	40,037
+ Relationship
External customers	—	—	—	—	—	39,283
Management and staff	—	—	—	—	—	60
+ Delinquency
Less than one month	—	—	—	0	0	—
+ One month or more	—	—	—	—	—	—
From one to three months	—	—	—	0	0	—
+ More than three months	—	—	—	—	—	—
From three to six months	—	—	—	0	0	72
+ More than six months	—	—	—	—	—	—
From six to twelve months	—	—	—	0	0	95
One year or more	—	—	—	0	0	—
Renegotiated loans	—	—	—	0	0	—
+ Gender
Male	—	—	—	—	—	1,413
Female	—	—	—	—	—	38,624
+ Gross loan portfolio		1,071,289	1,343,033	1,797,075	3,750,366	4,837,897
+ Relationship
External customers	—	—	—	—	—	4,750,174
Management and staff	—	—	—	—	—	154,094
+ Delinquency
Less than one month	—	—	—	1,774,605	3,728,538	0
+ One month or more	—	0	26,909	22,470	21,828	—
From one to three months	—	—	—	17,185	7,524	0
+ More than three months	—	—	—	—	—	—
From three to six months	—	—	—	0	6,956	16,957
+ More than six months	—	—	—	—	—	—
From six to twelve months	—	—	—	3,873	7,348	21,059
One year or more	—	—	—	1,412	0	0
Renegotiated loans	—	—	—	0	0	0
+ Products (credit)
Retail loans	—	—	—	—	—	4,904,269
+ Gender
Male	—	—	—	—	—	490,427
Female	—	—	—	—	—	4,413,842
Average loan balance per borrower		81	72	78	101	121
Average loan balance borrower per borrower / GNI per capita		20.64%	16.07%	16.90%	20.23%	24.17%
Average outstanding balance		—	—	78	101	121
Average outstanding balance / GNI per capita		—	—	16.90%	20.23%	24.17%
+ Number of depositors		0	0	23,116	37,069	40,037
+ Products (deposits)
Retail deposits	—	—	—	—	—	40,037
+ Number of deposit accounts		—	—	23,116	37,069	40,037
+ Products (deposits)
Retail deposits	—	—	—	—	—	40,037
+ Deposits		—	—	205,838	685,405	988,099
+ Products (deposits)
+ Retail deposits	—	—	—	205,838	685,405	988,099
+ Voluntary deposits	—	0	0	205,838	685,405	—
Demand deposits	—	—	—	205,838	685,405	—
Time deposits	—	—	—	0	0	—
Compulsory deposits	—	—	—	0	0	—
Average deposit balance per depositor		—	—	9	18	25
Average deposit balance per depositor / GNI per capita		—	—	2.00%	4.00%	5.00%
Average deposit account balance		—	—	9	18	25
Average deposit account balance / GNI per capita		—	—	0	0	0

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	-15.87%	-18.08%	-5.19%	-0.11%	2.82%
Return on equity	-19.40%	-24.96%	-10.37%	-0.39%	13.87%
Operational self sufficiency	50.58%	49.79%	82.55%	99.50%	113.95%

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	16.25%	17.92%	24.57%	21.26%	23.05%
Profit margin	-97.70%	-100.85%	-21.14%	-0.51%	12.24%
Yield on gross portfolio (nominal)	—	—	21.24%	7.68%	23.60%
Yield on gross portfolio (real)	—	—	19.40%	6.18%	21.88%

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	32.12%	36.00%	29.76%	21.37%	20.23%
Financial expense/ assets	0.20%	1.00%	2.05%	4.49%	5.51%
Provision for loan impairment/ assets	-0.07%	0.12%	0.32%	0.04%	0.98%
Operating expense/ assets	31.98%	34.88%	27.39%	16.84%	13.74%
Personnel expense/ assets	—	—	15.36%	7.86%	6.77%
Administrative expense/ assets	—	—	12.04%	8.98%	6.96%

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	52.98%	48.02%	37.65%	24.57%	19.92%
Personnel expense/ loan portfolio	—	—	21.11%	11.46%	9.82%
Average salary/ GNI per capita	—	—	8.90	7.66	8.93
Cost per borrower	38	36	28	23	22
Cost per loan	—	—	—	23	22

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	211	235	279	447	378
Loans per staff member	—	—	279	447	378
Borrowers per loan officer	—	—	392	628	494
Loans per loan officer	—	—	392	628	494
Depositors per staff member	0	0	279	447	378
Deposit accounts per staff member	—	—	279	447	378
Personnel allocation ratio	—	—	71.08%	71.08%	76.42%

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	0.00%	2.00%	1.25%	0.58%	0.79%
Portfolio at risk > 90 days	—	—	0.29%	0.38%	0.79%
Write-off ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Loan loss rate	0.00%	0.00%	0.00%	0.00%	0.00%
Risk coverage	—	8.91%	44.38%	58.94%	74.39%
Non-earning liquid assets as a % of total assets	—	—	12.05%	13.35%	7.76%

MIX Market

Soro Yiriwaso5

Institutional Characteristics

Financing Structure

Outreach

Overall Financial Performance

Revenues

Expenses

Efficiency

Productivity

Risk and Liquidity