Summary Operational & Financial Indicators

(In US$)[1]

9 Months to Dec-01

Mar-01

Mar-00

Mar-99

Total Clients

3,910

1,922

603

167

Total Loan Clients

2,614

1,068

191

114

Total Loans Outstanding

$146,422

$62,672

$13,739

$4,159

Avg. Loan Outstanding per Loan Client

$56

$59

$72

$36

Portfolio-At-Risk > 30 Days  (%)[2]

0.1%

0.1%

0.0%

0.0%

Total Savings

$13,836

$11,827

$3,327

$797

Average Savings per Client

$3.53

$6.15

$5.51

$4.77

Total Assets

$308,305

$105,244

$93,930

$39,944

Total Equity

$235,680

$33,944

$93,930

$39,944

Operating Self-Sufficiency (OSS)[3]

34.7%

15.8%

14.0%

8.0%

Full Financial Self-Sufficiency (FFS)[4]

30.6%

13.0%

9.9%

4.1%

Yield on the Loan Portfolio (annualized)

29.4%

27.9%

24.1%

6.6%

Administrative Efficiency[5] (annualized)

88.3%

193.5%

445.8%

643.1%

Clients per Field Staff

156

96

86

17

Capital Adequacy[6]

93.9%

43.4%

320.0%

248.7%

[1] All figures were converted at a rate of 48 rupees per US$.

[2] Portfolio-At-Risk %  represents the remaining outstanding balance of loans with arrears > 30 days as a % of total loans outstanding. 

[3] OSS indicates the % of total actual operating costs (admin, loan loss provision, and interest) that is covered by income from operations (e.g. income earned on the loan portfolio).  When SKS reaches 100%, it means the organization has broken-even.  

[4] FFS is similar to OSS, except it adjusts for any subsidies SKS may enjoy (e.g. below market rate funding, in-kind subsidies, the cost of inflation), and tells us if SKS were operating on a fully commercial basis, what % of operating costs would it be able to cover with operating income. 

[5] Admin. Efficiency measures how much it costs to keep a dollar outstanding in the hands of our clients.  As of Dec 2001, it was $.88.  SKS is targeting 15% to 25%. 

[6] Capital Adequacy is measured as equity divided by risk weighted assets – MCRIL definition.  March 00 and March 99 results are >100% due to high cash balances.