Financial Satement- December 31st,2009

SLA have finally published it's first ever financial report-auditted by Alexis Murray-Jones. We are thankful for his time and passion to help us begin on the "right foot"


Cash Income/Expenditure schedule reveals an encouraging performance for 2009

 Average loan disbursed: $130
 Portfolio at risk: 3%
 Yield on Portfolio: ~45%
 Operational Self-Sufficiency: ~70%
 Borrowers per Loan Officers: 5
 Client turnover: 5%

Key Statistics

Exchange rate assumed: USD 1 = ZKW 4,500.

 Solid financial performance has allowed
$6,000+ to be donated to community
initiatives

 43% surplus margin highlights SLA’s efficient
operating structure and limited overheads

 SLA has not yet reached self sufficiency and
still relies on donations for most of its funding

Highlights

Income
External Donations 16,626 61%
Loan Repayments 10,707 39%
Fines & Penalties 28
Total Income 27,332 100%

Expenditure
Micro-loans 12,186 45%
Operational Costs
Consultancy 1,467 5%
Administration 1,031 4%
Transport 942 3%
Total Operational Costs 3,440 13%
Operational Surplus 11,706 43%
Community Donations
Supplementary Feeding 2,680 10%
Education 1,256 5%
Training 1,511 6%
Other donations 773 3%
Total Community Donations 6,220 23%

Total Expenditure 21,846 80%

Net Surplus 5,486 20%