CGAP MFI Appraise Worksheet

AppraiseVersion 1

"Getting Started" provides a quick step-by step guide to set up options and data input.

"About Appraise" provides version information about Appraise.xls

Set Up Options Navigation Utilities

Language Number Loan Products 15 Go to Input Data sheet to input all data

Number Savings Products 15Color Scheme CGAP Number of Liabilities 15

Name of Local Currency for data input Trans. Pounds

Name of Other Currency for Output tables US Dollars

Other Currency Type (for Output tables) Nominal Local Currency

Number of Actual Years 5Number of Projected Years 3 Select an Output Table to view

Actual Projected

Year 1 Year 2 Year 3 Year 4 Year 6 Year 7 Year 8

End Month Dec Dec Dec Dec Dec Dec Dec Dec

Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010

Exchange rate 50.0 50.0 50.0 50.0 50.0 48.0 48.0 48.0 GDP Deflator 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

Make all selections above, then press Setup

Appraise.xls is designed to calculate key data and ratios as described in CGAP’s revised 2006 Appraisal Format, an outline of information to be compiled and analyzed for the appraisal of a microfinance institution (MFI).

Current (YTD)

* Output Tables are numbered per CGAP's 2005 Appraisal Format.

* Output tables are formatted and calculated per the set up options you have selected.

Input Data

Select sheets to print

Export all data to an Excel .csv file

Calculator

Yield Calculator

R16

You may use the navigation buttons, drop-down menus, and the Appraise Menu located first on the Excel toolbar.

L18

Select the number of loan products (1-15). This number will determine the number of available loan products for data entry.

L19

Select the number of savings products (1-15). This number will determine the number of available savings products for data entry.

L20

Select the number of Liabilities (1-15). This number will determine the number of available liabilities for data entry.

I22

Enter the name of the currency you plan to use for data input.

I23

Enter the name of the currency in which you wish to show all Output tables for Financial statements.

I24

Select: 1.Nominal Local Currency (Your input data will remain as entered on all output tables). 2. Constant Local Currency (your input data will be transformed into Constant values for all Financial Statements Output tables). 3. Constant Other Currency (your input data will be transformed into Constant Other Currency values on Financial Statements output tables).

L26

Select the number of Actual Years (years for which data is available) you plan to enter data for (1-5).

L27

Select the number of Projected Years (future years) you plan to enter data for (0-3).

D31

Select the end month of the fiscal years you plan to enter data for.

D32

Enter the fiscal years you plan to enter data for (example, 2000, 2001, 2002, 2003, 2004). Note: Current (YTD) or Year 5 is the latest year. You may enter partial year data for Year 5 only.

Getting StartedA quick Guide to Appraise.xls

Use this Menu to go to output Tables

Tabla 4.3 Resumen de los productos de préstamo

The basic steps to follow when using Appraise.xls:

1 Enable macros upon opening the workbook.2 Select set-up options on the Intro sheet to tailor Appraise to your needs. Then press the Set Up Button to activate your selections.

3

4

5 Cut and paste finalized tables into your Appraisal format document.

The Intro Sheet Set Up Options

On the Intro sheet, set up Appraise.xls to meet your needs. Make all selections, then press the Set Up button to finalize. The options include:

1 Language: Select a language preference for Appraise (English, French, or Spanish).2

3

Appraise.xls is an Excel workbook which allows for the completion of all tables outlined in CGAP’s revised 2005 Appraisal Format. Appraisers may wish to send Appraise.xls to MFIs for pre-appraisal data collection and input. Appraise xls.

Warning: Appraise.xls sheets are protected (without password). To make changes to protected cells, unprotect the sheet (Tools/Protection/Unprotect sheet). You may change formulas or add your own tables to blank sections of the workbook. However, if you insert or delete any rows or columns, or delete existing sheets, the existing navigation system may no longer operate correctly.

Input all data on the Input Data sheet in WHITE CELLS. Red comment indicators throughout the workbook provide guidance for data input and explanations of calculations.

Use the Output table menu located on all sheets to select an output table to view. You can also use the sheet tabs to navigate between sheets OR the Appraise Menu located first on the Excel menu at the top of your screen. There are 23 Output Tables, numbered according to CGAP's 2005 Appraisal Format. Output tables are formatted and calculated per the Set Up options you select (i.e. Number of years, number of products, currency conversion, etc...).

Color Scheme: Select a color scheme for the entire workbook. Depending on your viewing preference, you may choose CGAP (default), Sky, Ocean, Earth, or Forest colors.

Number of Loan Products: Select from 1 to 15 loan products. Your selection will determine the number of available loan product-specific input sections on the Data Input sheet and format for corresponding output tables.

4

5 Number of Liabilities: Select from 1-15 Liabilities to format your Composition of Liabilities table.

6

7

8

9

10

11

12 Year: Enter the fiscal years you plan to use.

13 Exchange Rate: enter the Exchange rate for each year you plan to use.

14 GDP Deflator: enter the GDB deflator for each year you plan to use.

The following additional options are available on the Data Input Sheet:

1 Loan Classification: Over-write default to suit your needs.2 Loan Aging Categories: Overwrite default to suit your needs.3 Average (Mean or Median): Select to use Mean or Median for Average calculations.4 Institutional/Individual Accounts: Select to use Individual Accounts, Institutional Accounts, or both.5 Calculation of average annual data: Overwrite with data calculated from monthly entries.

UtilitiesThe following additional utilities are available:1. Select sheets to print.2. Export all data to an Excel .csv file (for import into other programs).3. Clear all data.4. Calculator.5. Yield calculator.6. Graph calculator.

Number of Savings Products: Select from 1 to 15 savings products from the drop-down menu provided. Your selection will determine the number of available loan product-specific input sections on the Data Input sheet and format for corresponding output tables.

Local Currency Name: Enter the name of the currency you plan to use to enter all data. Your input data will remain as entered on the Input Data sheet.

Name of Currency for output Tables: Enter the name of the currency you want for Financial Statements output tables. (Excel will calculate all output tables using the exchange rate you specify).

Other Currency Type (for Output tables): Select the currency type to show financial statements output tables in: Nominal local currency , Constant local currency , or Constant other currency.

Number of Actual years: Select the number of Actual Years (from 1 to 5) you wish to input and show data. This selection will determine the number of years shown in all output tables (but all input years will remain visible on the Data Input sheet).

Number of Projected Years: Select the number of Projected Years (from 0-3) you wish to input and show data. Projected years are those years following actual years for which you wish to show projected data. This selection will determine the number of years shown in Table 8.1 Projected Performance (All input years will remain visible on the Data Input sheet).

Month: From the drop-down menu, select the last month of the fiscal year for all full years, and the last month for which there is available data for the last year you plan to use.

Navigation1. Use buttons and drop-down menus available on all sheets to navigate.2. Use the Appraise Menu (located first on the Excel menu) to navigate.

The Input Data Sheet

List of Critical Tables

Table 7.1 Income Statement

Table 7.2 Balance Sheet

Table 7.3 Cash Flow Statement (Direct)

Appraise Worksheets – Summary of usageAppraise.xls contains 19 visible worksheets:

Visible Worksheet Name and Order Usage Appraise Format Table Name

1 Intro Set Up options, Utilities

2 Getting Started Quick guide to Appraise.xls

3 Input Data All data input cells

4 Summary DataOutput table Table 2.1 Summary of Key Data

Output table Table 3.2 Staffing Summary Data

5 Ownership Output table Table 3.1 Current MFI Ownership Summary

6 Products

Output table

Output table

Output table

Output table Table 6.1 Loan Portfolio Report

7 Products2Output table

Output table

8 Outreach Output table

9 Financial Statements

Output table Table 7.1 Income Statement

Output table Table 7.2 Balance Sheet

Output table Table 7.3 Cash Flow Statement (Direct)

10 Liabilities Output table

11 Grants & Subsidies Output table

12 AdjustmentsOutput table

Compilation of all data required to complete all 23 tables may not be possible for some MFIs. In such cases, data should be compiled and entered for at least the following critical output tables:

Table 4.1 Product Summary

Table 4.3 Loan Products Summary

Table 7.6 Macroeconomic Data

Table 7.7 Performance Ratios and Peer Group Benchmarking

Table 7.8 Comparison of Actual and Theoretical Yields

Table 7.9 Analytical Adjustments

Table 4.1 Product Summary

Table 4.4 Classification of Loan Portfolio

Table 4.5 Analysis of Product Lines

Table 4.2 Savings Products Summary


Table 5.1 Outreach Summary

Table 7.4 Composition of Funding Liabilities

Table 7.5 External Grants and Subsidies


12 AdjustmentsOutput table

13 Yield Output table

14 Yield Calculator Loan Yield Calculator

15 Performance Ratios Output table

16 Projections Output table Table 8.1 Projected Performance

17 Risk management

Output table

Output table

Output table

18 Graphs Graphs

19 About Version information




Table 7.10 Asset/Liability Maturity Mismatch Table

Table 7.11 Foreign Currency Mismatch Table

Table 7.12 Interest Rate Sensitivity Mismatch Table

Human ResourcesName of Institution

Country

Human Resources Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Total number staff, beginning of period

Total number staff, end of period

Number of staff hired during period

Number of loan officers, end of period

Number of savings officers, end of period

Average annual loan officer compensation

Ownership SummaryAs of (date): Dec 2007

Current Ownership: Owner Name % Ownership

Product SummaryAs of (date): Dec 2007 Currency: Trans. Pounds

Use Number of Active Clients or Number of Active Accounts Number of Active Clients

Use Average Account Balance or Median Account Balance Average Account Balance (mean)

Savings Products

Loan Products

Other Financial Products

Other Non-Financial Products

Analysis of Product LinesAs of (date): Dec 2007 Currency: Trans. Pounds

Savings Products Product Balance Name of Savings Product

Savings Product 1

Savings Product 2

Savings Product 3

Savings Product 4

Savings Product 5

Savings Product 6

Savings Product 7

Savings Product 8

Savings Product 9

Savings Product 10

Savings Product 11

Savings Product 12

Savings Product 13

Type (individual, company, bank

NGO, other)

Domestic or International

Amount of Ownership (in local currency)

Number of Products

Number of Active Clients

Total Balance or Value

Average Account Balance (mean)


Total Fee Revenue

D27

Loan officers: client officers who handle loans.

D28

Savings Officers: client officers who handle savings.

D29

Include in loan officers’ annual compensation such benefits as the “thirteenth-month” premium, accrued severance pay (even if not paid annually), typical incentive bonuses, and the like, as well as employer social security contributions.

Savings Product 14

Savings Product 15

Total Savings Products 0 0 0

Loan Products Product Balance Name of Loan Product

Loan Product 1

Loan Product 2

Loan Product 3

Loan Product 4

Loan Product 5

Loan Product 6

Loan Product 7

Loan Product 8

Loan Product 9

Loan Product 10

Loan Product 11

Loan Product 12

Loan Product 13

Loan Product 14

Loan Product 15

Total Loan Products 0 0 0

Other Financial Products Product Balance Name of Product

Other Financial Product 1





Total Other Financial Products 0 0 0

Non-Financial Products Product Balance Name of Product

Non-Financial Product 1





Total Non-Financial Products 0 0 0

Classification of Loan PortfolioAs of (date): Dec 2007

Loan Size (Local Currency) # of Loans Default Classification

0 -250 0 - 250

251 - 500 251 - 500

501 - 1,000 501 - 1,000

1,001 - 5000 1,001 - 5000

5,001- 10,000 5,001- 10,000

>10,000 >10,000

Loan Portfolio

All Loan Products Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Loans disbursed (number)

Loans disbursed (amount)

Number active loans (end of period)

Loan Loss (amount)Loan Losses written off over the period (amount)

Increase in Impairment Allowance over the period (amount)

Note: The PAR Performance ratio uses the 4 bottom rows of the classification

Number of days overdue to use for PAR calculation > 30 PAR30

Number of Loans

Number of Loans Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Loans that have never been renegotiated

Current


Total Fee Revenue


Total Fee Revenue


Total Fee Revenue

Amount of Portfolio

D117

You may over-write the default loan size classifications with your own. The default classifications are: 1. 0-250 2. 251-500 3. 501-1,000 4. 1,001-5000 5. 5,001-10,000 6. >10,000

D131

Include the outstanding balance of loans with payment more than a year overdue.

D132

Record write-offs, not provisions, here.

E135

Use an aging scheme that corresponds to the repayment frequency of the loan product. For example, a loan repaid weekly would be aged 1–7 days late, 7–14 days late, and so on. Note: The default categories are provided below. You may over-write them to suit your needs.

D139

Renegotiated loans = Refinanced loans + Rescheduled/restructured loans

D140


1-30 days overdue

31-90 days overdue

91-180 days overdue

181-365 days overdue

> 365 days overdue

Renegotiated Loans

Current 1-30 days overdue

31-90 days overdue

91-180 days overdue


> 365 days overdue

Total Number of Loans Outstanding - - - - -

Number of overdue loans - - - - -

Number of loans at risk - - - - -

Outstanding Balance Outstanding Balance

Loans that have never been renegotiated Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Current

1-30 days overdue

31-90 days overdue

91-180 days overdue


> 365 days overdue Renegotiated Loans

Current

1-30 days overdue

31-90 days overdue

91-180 days overdue


> 365 days overdue

Total Gross Portfolio - - - - -

Overdue loans (amount) - - - - -

Loans at risk (amount) - - - - -

Savings Product Summary

Savings Product 1 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Interest Rate (%) and calculation method

Minimum deposit to open account

Fees to open account

Minimum deposit per transaction

Fees per transaction

Penalty for early withdrawal

Minimum account balance

Withdrawal frequency (average per period)

Deposit frequency (average per period)

Number of active individual savings accounts

Number of inactive individual accounts

Total individual account balance, end of period

Individual account balance as percentage of total savings balance

Average individual account balance (mean)

Number of active institutional savings accounts

Number of inactive institutional accounts

Total institutional account balance, end of period

Institutional account balance as percentage of total savings balance

Average institutional account balance (mean)




D147


D161


D168























































































































































































































































































Loan Products Summary

Loan Product 1 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

Commissions and fees

Guarantees and collateral

Theoretical interest yield (APR)

Savings requirement (if any)

Number of active loans (clients), end of period

Average principle balance per client

Median principal balance per client

Average principal balance outstanding, over period

Total principal balance outstanding, end of period

Percentage of total loan balance

Total outstanding balance associated with loans that are:

On time (and never renegotiated)

Overdue 1 to 30 days (and never renegotiated)




Overdue over 365 days (and never renegotiated)

Renegotiated loans - On time

Renegotiated loans - overdue 1 to 30 days



Renegotiated loans - overdue 181-365 days

Renegotiated loans - overdue over 365 days


Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate


D501

If possible, calculate monthly averages by summing the opening balance and end-month balances, then dividing by the number of months plus one. Or calculate quarterly or annual balances. If the income statement and balance sheet include an inflation adjustment according to generally accepted practice in the MFI’s country, leave this section blank. The use of average balances here is a simplified deviation from standard inflation accounting. If desired, opening balances can be used instead; in this case a separate adjustment should be calculated if there has been a major change in the balance sheet during the year (such as a large grant), using the inflation accumulated between the time of the grant and the end of the year.

D506

Use an aging scheme that corresponds to the repayment frequency of the loan product. For example, a loan repaid weekly would be aged 1–7 days late, 7–14 days late, and so on. Note: The default categories are provided below. You may change them to suit your needs.

D507


D513


D530


D535


D536


D542

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate












D559


D564


D565


D571


D588


D593


D594


D600


D617


D622















Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate






















D623


D629


D646


D651


D652


D658


D675


D680


D681


D687





Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate



D704


D709


D710


D716


D733


D738


D739


D745
























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate













D762


D767


D768


D774


D791


D796


D797


D803


D820


D825


D826














Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate

























Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate























D832


D849


D854


D855


D861


D878


D883


D884


D890




Initial amount

Increment / Maximum

Term

Repayment frequency

Interest rate
























OutreachUse Mean or Median account balances Average Account Balance (mean)

Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Population of region(s) covered

Market size (if available)

Total number of active clients (end of period)

Total number new clients(over period)

Total number of loan clients

Total number of savings clients (voluntary)

Percentage of clients who are women

Percentage of clients located in rural areas

Percentage of recent clients living below the national poverty line

Percentage of clients living on less than PPP adjusted US$1 per day

Mean loan balance as % of national poverty line or GNI

Mean voluntary savings balance as % of national poverty line or GNI

Macroeconomic Data Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Inflation rate

GDP Deflator 5.0% 5.0% 5.0% 5.0% 5.0%

Market Rate for Borrowings (IMF statistics)

90-day certificate of deposit rate

Prime rate paid by commercial bank borrowers

Marginal commercial rate available to the MFI

Per capita GDP

Per capita GNI

Exchange rate (Local currency/Other currency) 50.0 50.0 50.0 50.0 50.0

National Poverty Line

Financial Statements

Income Statement Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

D907


D912


D913


D919


D932

The number of active borrowers, depositors, and other clients who are currently accessing any of the MFI's financial services. Individuals who access multiple services with an MFI should be counted as a single client. Individuals who are not currently receiving services are not included. Depositors who have not had a deposit, withdrawal or earned interest in the past 12 months are not considered to be active.

D941

If the MFI offers several types of loans or savings products, an overall average loan balance or savings balance may be misleading. In this case, consider an analysis of selected key loan or savings products as a percentage of the national poverty line or GNI.

D944

Regularly updated IMF statistics are available on a country-by-country basis on the MIX Market at http://www.mixmarket.org/en/environment.search.asp Select the most appropriate "benchmark" commercial rate, preferably with input from the MFI, who knows the local market best. The most common benchmarks can vary: a. MBB uses the IMF's International Financial Statistics (IMF-IFS) line 60l, which is the deposit rate. MBB defines subsidized liabilities are liabilities that involve at least a 25 percent discount in relation to a market-based proxy rate. The SEEP standards uses IMF-IFS's line 60, the discount rate. But it also lists other options, including: local CD rate, 3-month CD rate from IMF, discount rate from IMF, creating a weighted average of the MFI's current commercial borrowings, or rates proposed by banks to MFIs that are approximately the same size. The IMF-IFS's and selected other rates are available per country on MBB'swebsite: http://www.mixmarket.org/en/environment/environment.search.asp6. Some M

D947

GDP deflator is set on the Into sheet.

D954

The Exchange Rate is set on the Intro sheet.

Financial Revenue 0 0 0 0 0

Financial Revenue from Loan Portfolio 0 0 0 0 0

Interest on Loan Portfolio

Fees and Commissions on Loan Portfolio

Financial Revenue from Investments

Other Operating Revenue

Financial Expense 0 0 0 0 0

Financial Expense on Funding Liabilities 0 0 0 0 0

Interest and Fee Expense on Deposits

Interest and Fee Expense on Borrowings

Other Financial Expense

Net Financial Income 0 0 0 0 0

Loan Impairment 0 0 0 0 0

Provision for Loan Impairment

Value of Loans Recovered

Operating Expense 0 0 0 0 0

Personnel Expense

Administrative Expense 0 0 0 0 0

Depreciation Expense

Other Administrative Expense

Net Operating Income 0 0 0 0 0

Net Non-Operating Income/(Expense) 0 0 0 0 0

Non-Operating Revenue

Non-Operating Expense

Net Income (Before Taxes and Donations) 0 0 0 0 0

Taxes

Net Income (After Taxes and Before Donations) 0 0 0 0 0

Donations 0 0 0 0 0

Donations for Loan Capital

Donations for Operating Expense

Net Income (After Taxes and Donations) 0 0 0 0 0

Balance Sheet Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Assets

Cash and Due from Banks

Trade Investments

Net Loan Portfolio 0 0 0 0 0Gross Loan Portfolio

Allowance for Impairment

Interest Receivable on Loan Portfolio

Other Investments

0 0 0 0 0

Accounts Receivable and Other Assets

Net Fixed Assets

D960

Financial Revenue: The total value of all revenue earned from the provision of financial services.

D961

Financial Revenue from Loan Portfolio: Revenue from interest, fees, commissions, and other fees earned on the loan portfolio. This includes not only interest paid in cash, but also interest accrued but not yet paid.

D962

Interest on Loan Portfolio: Interest earned on the loan portfolio, excluding loans to employees or board members.

D963

Fees and Commissions on Loan Portfolio: Penalties, commissions, and other fees earned on the loan portfolio, excluding loans to employees or board members. This may also include revenue under Islamic finance methods.

D964

Financial Revenue from Investments: Revenue from interest, dividends, or other payments generated by financial assets other than the loan portfolio, such as interest bearing deposits, certificates of deposit, and treasury obligations.

D965

Other Operating Revenue: All other revenue from the provision of financial services, including transaction fees, premiums, membership fees, passbooks, and Smartcards. If the MFI provides loans to employees or board members, the interest and fee revenue from those loans should be included here. This account also includes net foreign exchange gains and the total amount recovered on all loans and interest revenue previously written off.

D966

Financial Expense: The total value of all financial expenses incurred from operations.

D967

Financial Expense on Funding Liabilities: Total (I9) Interest and Fee Expense on Deposits and (I10) Borrowings as defined below.

D968

Interest and Fee Expense on Deposits: Interest and fees incurred on all deposits taken by the MFI.

D969

Interest and Fee Expense on Borrowings: Interest and fees incurred on all borrowings that fund the loan portfolio. It does not include interest and fees on non-funding liabilities, such as mortgages or car loans. These are included in (I11) Other Financial Expense.

D970

Other Financial Expense: Other financial expense related to financial services, including interest on non-funding liabilities such as mortgages. This account also includes net foreign exchange loss. For MFIs that are required by local law to use inflation-based accounting, this account also includes the amount of net loss on monetary position due to inflation as defined by IAS 27. This is known as the Net Inflation Expense. Finally, it includes any expenses used to reduce (B6) Interest Receivable on the Loan Portfolio if it is considered uncollectible.

D971

Net Financial Income: The net value of financial earnings from financial services.

D972

Previously knows as net loan loss provision expense, is now (I14) Provision for Loan Impairment net of the (I15) Value of Loans Recovered.

D973

Previously known as the Loan Loss Provision Expense, the non-cash expense calculated as a percentage of the value of the loan portfolio that is at risk of default.

D974

Total value of principal recovered on all loans previously written off. This includes principal on partially recovered loans and those recovered in full. Subsequent recoveries of loans previous written off decrease the amount of the (I14) Provision for Loan Impairment, and the net amount is booked as (113) Loan Impairment.

D975

Operating Expense: The total value of all operating expenses, including (I15) Personnel and (I16) Administrative Expenses, incurred in providing financial services.

D976

Personnel Expense: Includes staff salaries, bonuses, and benefits, as well as employment taxes. It also includes the cost of employee recruitment and initial orientation, but not the cost of ongoing or specialized training for existing employees, which is an (I16) Administrative Expense.

D977

Administrative Expense: Non-financial expenses excluding personnel directly related to the provision of financial services or other services that form an integral part of an MFI’s financial services relationship with its clients.

D978

Depreciation Expense: The non-cash expense that allocates the purchase cost of an MFI’s fixed assets over their useful economic life. The depreciation expense is used to create or increase (B11) Accumulated Depreciation on the balance sheet.

D979

Other Administrative Expense: All administrative expenses other than (I17) Deprecation Expense. Examples include rent, utilities, supplies, advertising, transportation, communications, and consulting fees. It may also include certain taxes related to administration, such as value-added tax. These expense categories may be listed as separate line items as appropriate.

D980

Net Operating Income: The net earnings from the provision of financial services.

D981

Net Non-Operating Income/(Expense): The net earnings from products and services not directly related to core microfinance operations. Institutions should disclose large, material amounts of non-operating revenue separately by creating accounts under (I21) Non-Operating Revenue or (I22) Expense.

D982

Non-Operating Revenue: All revenue not directly related to core microfinance operations, such as revenue from business development services, training, consulting services, management information system (MIS) sales or sale of merchandise. This account also includes any exceptional gains and revenues. Large or relevant non-operating revenue categories should be listed as separate line items as appropriate.

D983

Non-Operating Expense: All expenses not directly related to the core microfinance operation, such as the cost of providing business development services or training. This account also includes any exceptional losses and expenses. Large or relevant expense categories should be listed as separate line items as appropriate.

D984

Net Income (Before Taxes and Donations): All net earnings from the institution's operations before the inclusion of taxes and donations.

D985

Taxes: Includes all taxes paid on (I24) Net Income or other measure of profit as defined by local tax authorities.

D986

Net Income (After Taxes and Before Donations): All net earnings from the institution's operations, net of (I24) Taxes, and before the inclusion of (I26) Donations.

D987

Donations: Value of all donations recognized as revenue during the period, whether restricted or not.

D988

Donations for Loan Capital: Value of all donations used to fund the loan portfolio. Many MFIs are accustomed to applying Donations for Loan Capital directly to the balance sheet. This framework requires that they are first booked as non-operating revenue to increase transparency.

D989

Donations for Operating Expenses: Value of all donations used to pay for operations other than funding the loan portfolio. These include paying personnel and administrative expenses and purchasing fixed assets.

D994

Cash on hand, near cash, and other highly liquid instruments paying little or no interest. This may include non interest-bearing bank balances and deposits.

D995

Any financial assets acquired or incurred primarily for the purpose of selling or repurchasing in the near term; i.e., convertible to cash within or at 12 months or having a longer term but used for short-term profit-taking or trading. These may include certificates of deposit, including interest-bearing deposits and treasury bills, and are often used in liquidity management.

D996

The Gross Loan Portfolio less the Loan Loss Allowance.

D997

All outstanding principal due within or at 12 months for all outstanding client loans. This includes current, delinquent, and renegotiated loans, but not loans that have been written off. All delinquent loans should be considered short-term and included here. It does not include interest receivable. It does not include loans to employees, board members or others associated to the institution (see B7).

D998

Previously known as the loan loss allowance, the portion of the Gross Loan Portfolio that has been expensed (provisioned for) in anticipation of losses due to default. This item represents the cumulative value of the impairment on loans less the cumulative value of loans written off.

D999

Interest receivable on the Gross Loan Portfolio, net of any expense to reduce accrued interest if it is considered uncertain .

D1000

Accounts receivable, notes receivables, and other receivables, net of any allowances for doubtful or uncollectible accounts. This includes all receivables other than client loan accounts, including employee loans and interest receivable on non-funding liabilities such as mortgages.

D1001

Long-term investments not convertible to cash within 12 months. This may include bonds or shares that an institution plans to hold for longer than one year.

D1002

The cost or value of all physical property and intangible assets that the MFI currently uses, less accumulated depreciation expense.

Fixed Assets

Accumulated Depreciation and Amortization

Total Assets 0 0 0 0 0

Liabilities

Demand Deposits: Voluntary savings

Demand Deposits: Forced savings

Short-Term Time Deposits

Short-Term Borrowings

Interest Payable on Funding Liabilities

Accounts Payable and Other Short-Term Liabilities

Long-Term Time Deposits

Long-Term Borrowings

Other Long-Term Liabilities

Total Liabilities 0 0 0 0 0

Equity

Paid-In Capital

Donated Equity 0 0 0 0 0

Prior Years

Current Year

Retained Earnings 0 0 0 0 0

Prior Years

Current Year

Reserves

Other Equity Accounts

Adjustments to Equity

Total Equity - - - - -

Does Balance Sheet balance? OK OK OK OK OK

Direct Cashflow Statement Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Cash Flows from Operating Activities

Cash Received from Interest, Fees, and Commissions on Loan Portfolio

Cash Received from Interest on Investments

Cash Received as Other Operating Revenue

Value of Loans Repaid

(Cash Paid for Financial Expenses on Funding Liabilities)

(Cash Paid for Other Financial Expenses)

(Cash Paid for Operating Expenses)

(Cash Paid for Taxes)

(Value of Loans Disbursed)

Net (Purchase)/Sale of Trade Investments

Deposits/(Withdrawals) from Clients

Cash Received/(Paid) for Other Operating Assets and Liabilities

Net Cash from Operating Activities 0 0 0 0 0

Cash Flows from Investing Activities

Net (Purchase)/Sale of Other Investments

Net (Purchase)/Sale of Fixed Assets

Net Cash from Investing Activities 0 0 0 0 0

Cash Flows from Financing Activities

Net Cash Received /(Repaid) for Short- and Long-Term Borrowings

Issuance/(Repurchase) of Paid-In Capital

(Dividends Paid)

Net Cash from Financing Activities

Net Cash from Financing Activities 0 0 0 0 0

Net Cash Received/(Paid) for Non-Operating Activities

Net Change in Cash and Due from Banks 0 0 0 0 0

Cash and Due from Banks at the Beginning of the Period

Exchange Rate Gains/(Losses) on Cash and Cash Equivalents

Cash and Due from Banks at the End of Period 0 0 0 0 0

Monthly Data: This data overrides annual data for ratio calculationsScroll right to enter monthly data (if available) Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Gross Loan Portfolio 0 0 0 0 0

Net Loan Portfolio 0 0 0 0 0

Fixed Assets 0 0 0 0 0


D1003

The cost or value of all physical property and property improvements, furniture, and equipment that the MFI currently uses (including all donated equipment). Fixed assets may also include intangible assets, such as goodwill, or up-front investments in product or MIS development, which have no physical properties but represent a future economic benefit to the MFI.

D1004

The sum of all depreciation expenses for Fixed Assets that have not yet been retired and removed from the balance sheet. Accumulated depreciation represents the reduction in value of Fixed Assets corresponding to the assets' remaining useful life. This is a contra asset account and is expressed as a negative number.

D1005

The value of all asset accounts, net of all contra asset accounts.

D1007

Voluntary Savings Deposits mobilized from the general public and members which the MFI is liable to repay on demand. This includes any current, checking, or savings accounts that are payable on demand.

D1008

Forced Savings Deposits mobilized from the general public and members which the MFI is liable to repay on demand. This includes any current, checking, or savings accounts that are payable on demand.

D1009

Deposits mobilized from the general public and members which the MFI is liable to repay on a fixed date within 12 months. This includes certificates of deposit or fixed term deposits. It also includes compulsory deposit accounts that are held by the MFI as a condition for a current or future loan or other service, such as cash collateral accounts or guarantee deposits.

D1010

The principal balance due within or at 12 months for all funds received through a loan or other contractual debt agreement. This includes loans, lines of credit and overdraft facilities with outstanding balances, as well as the portion of Long Term Borrowings which is payable within 12 months.

D1011

Interest accrued on all liability accounts that is payable to the depositor or lender.

D1012

Other short-term liabilities due within 12 months including tax and salary liabilities, payroll withholdings, and other accounts payable. It should also include any short-term portion of deferred revenue.

D1013

Deposits mobilized from the general public and members that the MFI is liable to repay with a fixed maturity date greater than 12 months.

D1014

The principal balance due in more than 12 months for all funds received through a loan or other contractual agreement and all subordinated debt. This should not include long-term funds for which there is no set repayment date, such as long-term subsidized loans from related companies or public agencies.

D1015

Other long-term liabilities due in more than 12 months, including long-term deferred revenue, pension liabilities and liabilities that do not fund the portfolio, such as mortgages on real estate. Long-term concessional funding for which no repayment date is set or anticipated, but which are not grants, are also included in this account.

D1016

The total value of all liability accounts.

D1018

The value of capital paid by shareholders or members, net of any shares repurchased or capital repaid.

D1019

The total value of all (Donations received and recognized as revenue.

D1020

The cumulative value of Donations from prior fiscal years.

D1021

The value of (I26) Donations from the current fiscal year.

D1022

The total value of (I25) Net Income (After Taxes and Before Donations) from current and prior periods, net of any dividends paid to shareholders or members.

D1023

The cumulative value of (I25) Net Income (After Taxes and Before Donations) from prior periods, net of dividends paid to shareholders or members.

D1024

The value of (I25) Net Income (After Taxes and Before Donations) from the current fiscal year.

D1025

Reserves such as those imposed by law, statute, or Board decision.

D1026

Other equity accounts, including all revaluations and adjustments. For MFIs required to use inflation-based accounting, this account should be used to offset the Net Inflation Expense. The MFI should disclose any substantial item in this account.

D1027

Adjustments to the balance sheet to account for subsidized funds, in-kind subsidies, and inflation.

D1028

Total value of all equity accounts.

D1032

The total value of all financial revenue received in cash from the (B4) Gross Loan Portfolio. If an MFI uses cash accounting, this is the same as (I2) Financial Revenue from Loan Portfolio.

D1033

Total value of all financial revenue received in cash from Short- and Long-Term Investments. If an MFI uses cash accounting, this is the same as Financial Revenue from Investments.

D1034

Total value of all other operating revenue received in cash for the provision of financial services. If an MFI uses cash accounting, this is the same as (I6) Other Operating Revenue.

D1035

The value of all loan principal repaid in cash by the MFI’s clients during the period. This includes payments related to current and past-due loans. It does not include recoveries of written-off loans, which is included in (C3) Cash Received as Other Operating Revenue.

D1036

The total value of all interest and fee expense paid in cash on deposits and borrowings. If the MFI uses cash accounting, this is the same as (I8) Financial Expense on Funding Liabilities.

D1037

The total value of any other financial expense paid in cash. Most MFI’s other financial expenses are non-cash (such as inflation expense), and therefore not included in this account.

D1038

The total value of personnel and administrative expense paid in cash to support the provision of financial services. This does not included non-cash expenses, such as depreciation. If the MFI uses cash accounting, this is the same as (I15) Personnel Expenses plus (I18) Other Administrative Expenses.

D1039

The total value of taxes paid in cash. This includes taxes paid on net income or other measures of revenue or profit. Taxes related to employment or purchases, such as VAT, are included in (I14) Operating Expenses. If the MFI uses cash accounting, this is the same as (I24) Taxes.

D1040

The value of all loans disbursed in cash during the period.

D1041

Cash paid for the purchase (net of cash received for the sale) of financial instruments convertible to cash within or at 12 months. If purchases exceed sales, then this number will be negative. These may include certificates of deposit, including interest-bearing deposits, and treasury bills, and are usually used in liquidity management and are therefore considered an operating activity.

D1042

Cash deposits/(withdrawals) made by the institution's clients as either Demand Deposits or Short-Term Time Deposits or Long-Term Time Deposits held at the institution.

D1043

Any cash receipt of payment that increases Accounts Receivable and Other Assets or Accounts Payable and Other Short-term Liabilities and Other long-term liabilities. Some examples include disbursements of repayment of advances or loans to employees and cash payouts of pensions. It does not include payments for services that increase assets—such as prepaid rent or insurance—which are included in Cash Paid for Operating Expenses.

D1044

Sum of all cash flows arising from the principal revenue-producing activities of the institution and other activities that are not investing or financing activities.

D1046

Cash paid for the purchase (net of cash received from the sale) of Long-Term Investments not convertible to cash within 12 months. If purchases exceed sales, then this will be a negative number. This may include bonds or shares that an institution plans to hold for longer than one year. This should be the same as the change in Short-Term Investments.

D1047

Cash payments to acquire property, buildings, and equipment less any cash proceeds from the sale of property, buildings, and equipment. This should be the same as the change in Fixed Assets.

D1048

Sum of all cash flows arising from the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

D1050

Cash proceeds/payments from issuing loans, notes, bonds, mortgages, and other Short-or Long-Term Borrowings. This should be the same as the change in Short-Term Borrowings and Long-Term Borrowings.

D1051

Cash proceeds (payments) from issuing (repurchasing) shares or other equity instruments.

D1052

Amount of dividends distributed to shareholders or members in cash. These distributions should be made from Retained Earnings.

D1053

The value of donations received in cash from the current period.

D1054

Sum of all cash flows from activities that result in changes in the size and composition of the funding liabilities and equity of the institution.

D1055

Sum of all cash received and paid for non-operating activities.

D1056

Sum of cash flows from operating, investing, financing, and non-operating activities.

D1057

Cash on hand, near cash, and other highly liquid instruments paying little or no interest at the beginning of the period. This is the same as Cash and Due from Banks for the end of the previous period.

D1058

Unrealized gains and losses arising from the changes on Cash and Cash Equivalents in foreign currency exchange rates.

D1059

Cash on hand, near cash, and other highly liquid instruments paying little or no interest. This may include non interest-bearing bank balances and deposits.

Subsidized Loans 0 0 0 0 0

Funding Liabilities 0 0 0 0 0

Equity 0 0 0 0 0

Adjustments for In-Kind DonationsDec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Personnel

Estimated

Actually paid

Other Administrative Expenses

Estimated

Actually paid

Adjustments for Loan Loss Allowance Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

Portfolio Aging Schedule

Current

1-30 days overdue

31-90 days overdue

91-180 days overdue


> 365 days overdue


Renegotiated loans- Overdue

Loan Loss Rate %

Loan Loss Rate %

Loan Loss Rate %

Loan Loss Rate %

Loan Loss Rate %

Composition of LiabilitiesAs of (date): Dec 2007

Liability 1Creditor (specify if domestic or international)

Commercial or non-commercial liability

Tenor (Term)

Original principal balance

Balance outstanding

Currency in which repayment is due

Interest rate

Amortization schedule

Other relevant information



Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Details of external guarantee backing the credit extended to the MFI, if any





Balance outstanding


Interest rate






Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate










Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate





Tenor (Term)


Balance outstanding


Interest rate



Commercial - Balance Outstanding 0

Non-Commercial - Balance Outstanding 0

Total 0





Table 2.1 Summary of Key DataActual


Clients and Products1 Number of borrowers 0 0 0 0 02 Number of active loans 0 0 0 0 03 Total gross loan portfolio 0 0 0 0 04 Number of voluntary savings clients 0 0 0 0 05 Total balance of voluntary savings accounts 0 0 0 0 0

Portfolio Quality6 Adjusted PAR30 No data No data No data No data No data7 Adjusted Write-off Ratio No previous yr No data No data No data No data8 Adjusted Risk Coverage Ratio No data No data No data No data No data

Efficiency & Productivity9 Average loan balance No data No data No data No data No data10 Average savings balance 0 0 0 0 011 Adjusted Operating Expense Ratio No previous yr No data No data No data No data12 Adjusted Cost per Active Client No previous yr No data No data No data No data13 Adjusted Average Outstanding Loan Size No data No data No data No data No data14 Client Turnover No previous yr 0.0% 0.0% 0.0% 0.0%

Profitability15 Adjusted Return on Assets (AROA) No previous yr No data No data No data No data16 Adjusted Return on Equity (AROE) No previous yr No data No data No data No data

Asset/Liability Management17 Yield on Gross Portfolio No previous yr No data No data No data No data

Macroeconomic Data 18 50.0 50.0 50.0 50.0 50.0

19 GNI per capita 0 0 0 0 0

Table 3.2 Staffing Summary Data Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

1 Total # staff 0 0 0 0 02 Total # loan officers 0 0 0 0 03 Staff turnover 0% 0% 0% 0% 0%

Staffing Efficiency4 Personnel expense/Loan portfolio 0.0% 0.0% 0.0% 0.0%5 Average Salary/GNI per capita 0% 0% 0% 0% 0%

Staffing Productivity6 Borrowers per Loan Officer 0 0 0 0 07 Borrowers per staff member 0 0 0 0 08 Clients per staff Member 0 0 0 0 09 Personnel allocation ratio (loan officers/# of personnel) 0.0% 0.0% 0.0% 0.0% 0.0%

Year-end free market exchange rate (local currency/Other currency)

Actual Projected

Dec 2008

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%

0.0%

48.0

0

0 0

0 0

0% 0%

0.0% 0%

0% 0%

0 0

0 0

0 0

0.0% 0%

MBB Peer Group

MBB Peer Group

Variance (between MFI and MBB peer

group)

Table 3.1 Current MFI Ownership Summary As of: Dec 2007

Owner Name % Ownership

1 2 3 4 5 6 7 8 9 10 11 12

Type (individual,

company, bank NGO, other)

Domestic or International

Amount of Ownership (in local currency)

As of (date): Dec 2007

Currency: Nominal Local Currency

1 Savings Products 0 0 0 02 Loan Products 0 0 0 03 Other Financial Products 0 0 0 04 Other Non-Financial Products 0 0 0 0

As of: Dec 2007Currency: Nominal Local Currency

Loan Size % of Portfolio # of Loans % of Loans

1 0 -250 0 0.0% 0 0.0%2 251 - 500 0 0.0% 0 0.0%3 501 - 1,000 0 0.0% 0 0.0%4 1,001 - 5000 0 0.0% 0 0.0%5 5,001- 10,000 0 0.0% 0 0.0%6 >10,000 0 0.0% 0 0.0%

0 0.0% 0 0.0%

As of: Dec 2007

Currency: Nominal Local Currency

Savings Products

1 Savings Product 1 0 0.0% 0 0.0% 0 0.0%

2 Savings Product 2 0 0.0% 0 0.0% 0 0.0%

3 Savings Product 3 0 0.0% 0 0.0% 0 0.0%

4 Savings Product 4 0 0.0% 0 0.0% 0 0.0%

5 Savings Product 5 0 0.0% 0 0.0% 0 0.0%

6 Savings Product 6 0 0.0% 0 0.0% 0 0.0%

7 Savings Product 7 0 0.0% 0 0.0% 0 0.0%

8 Savings Product 8 0 0.0% 0 0.0% 0 0.0%

9 Savings Product 9 0 0.0% 0 0.0% 0 0.0%

10 Savings Product 10 0 0.0% 0 0.0% 0 0.0%

11 Savings Product 11 0 0.0% 0 0.0% 0 0.0%

12 Savings Product 12 0 0.0% 0 0.0% 0 0.0%

13 Savings Product 13 0 0.0% 0 0.0% 0 0.0%

14 Savings Product 14 0 0.0% 0 0.0% 0 0.0%

15 Savings Product 15 0 0.0% 0 0.0% 0 0.0%

Total Savings Products 0 0.0% 0 0.0% 0 0.0%

Loan Products

1 Loan Product 1 0 0.0% 0 0.0% 0 0.0%

2 Loan Product 2 0 0.0% 0 0.0% 0 0.0%

3 Loan Product 3 0 0.0% 0 0.0% 0 0.0%

4 Loan Product 4 0 0.0% 0 0.0% 0 0.0%

5 Loan Product 5 0 0.0% 0 0.0% 0 0.0%

6 Loan Product 6 0 0.0% 0 0.0% 0 0.0%

7 Loan Product 7 0 0.0% 0 0.0% 0 0.0%

8 Loan Product 8 0 0.0% 0 0.0% 0 0.0%

9 Loan Product 9 0 0.0% 0 0.0% 0 0.0%

10 Loan Product 10 0 0.0% 0 0.0% 0 0.0%

11 Loan Product 11 0 0.0% 0 0.0% 0 0.0%

12 Loan Product 12 0 0.0% 0 0.0% 0 0.0%

13 Loan Product 13 0 0.0% 0 0.0% 0 0.0%

14 Loan Product 14 0 0.0% 0 0.0% 0 0.0%

15 Loan Product 15 0 0.0% 0 0.0% 0 0.0%

Total Loan Products 0 0.0% 0 0.0% 0 0.0%

Other Financial Products

1 Other Financial Product 1 0 0.0% 0 0.0% 0 0.0%

Table 4.1 Product Summary Number of Products


Total Balance or Value

Average Account Balance (mean)

Table 4.4 Classification of Loan Portfolio

Amount of Portfolio

Table 4.5 Analysis of Product Lines Product Balance

% of Total Product Balance


% of Total Clients

Total Fee Revenue

% of Total MFI Fee Revenue





Total Other Financial Products 0 0.0% 0 0.0% 0 0.0%

Non-Financial Products

1 Non-Financial Product 1 0 0.0% 0 0.0% 0 0.0%





Total Non-Financial Products 0 0.0% 0 0.0% 0 0.0%

Grand Total

% Loan Products 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

% Savings Products 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

% Other Financial Products 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

% Other Non-Financial Products 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Nominal Local Currency

Savings Product 1 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 20071 Interest Rate (%) and calculation method 0.0% 0.0% 0.0% 0.0% 0.0%2 Minimum deposit to open account 0 0 0 0 03 Fees to open account 0 0 0 0 04 Minimum deposit per transaction 0 0 0 0 05 Fees per transaction 0 0 0 0 06 Penalty for early withdrawal 0 0 0 0 07 Minimum account balance 0 0 0 0 08 Withdrawal frequency (average per period) 0 0 0 0 0 9 Deposit frequency (average per period) 0 0 0 0 0 10 Number of active individual savings accounts 0 0 0 0 0 11 Number of inactive individual accounts 0 0 0 0 0 12 Total individual account balance, end of period 0 0 0 0 013

0.0% 0.0% 0.0% 0.0% 0.0%

14 Average individual account balance (mean) 0 0 0 0 015 Number of active institutional savings accounts 0 0 0 0 0 16 Number of inactive institutional accounts 0 0 0 0 0 17 Total institutional account balance, end of period 0 0 0 0 018

0.0% 0.0% 0.0% 0.0% 0.0%

19 Average institutional account balance (mean) 0 0 0 0 0Savings Product 2 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007

1 Interest Rate (%) and calculation method 0.0% 0.0% 0.0% 0.0% 0.0%2 Minimum deposit to open account 0 0 0 0 03 Fees to open account 0 0 0 0 04 Minimum deposit per transaction 0 0 0 0 05 Fees per transaction 0 0 0 0 06 Penalty for early withdrawal 0 0 0 0 07 Minimum account balance 0 0 0 0 08 Withdrawal frequency (average per period) 0 0 0 0 0 9 Deposit frequency (average per period) 0 0 0 0 0 10 Number of active individual savings accounts 0 0 0 0 0 11 Number of inactive individual accounts 0 0 0 0 0 12 Total individual account balance, end of period 0 0 0 0 013

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% 0.0%


0.0% 0.0% 0.0% 0.0% 0.0%

19 Average institutional account balance (mean) 0 0 0 0 0

Table 4.2 Savings Products Summary







Savings Product 4 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 20071 Interest Rate (%) and calculation method 0.0% 0.0% 0.0% 0.0% 0.0%2 Minimum deposit to open account 0 0 0 0 03 Fees to open account 0 0 0 0 04 Minimum deposit per transaction 0 0 0 0 05 Fees per transaction 0 0 0 0 06 Penalty for early withdrawal 0 0 0 0 07 Minimum account balance 0 0 0 0 08 Withdrawal frequency (average per period) 0 0 0 0 0 9 Deposit frequency (average per period) 0 0 0 0 0 10 Number of active individual savings accounts 0 0 0 0 0 11 Number of inactive individual accounts 0 0 0 0 0 12 Total individual account balance, end of period 0 0 0 0 013

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% 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% 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% 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% 0.0% 0.0% 0.0% 0.0%


1 Interest Rate (%) and calculation method 0.0% 0.0% 0.0% 0.0% 0.0%







2 Minimum deposit to open account 0 0 0 0 03 Fees to open account 0 0 0 0 04 Minimum deposit per transaction 0 0 0 0 05 Fees per transaction 0 0 0 0 06 Penalty for early withdrawal 0 0 0 0 07 Minimum account balance 0 0 0 0 08 Withdrawal frequency (average per period) 0 0 0 0 0 9 Deposit frequency (average per period) 0 0 0 0 0 10 Number of active individual savings accounts 0 0 0 0 0 11 Number of inactive individual accounts 0 0 0 0 0 12 Total individual account balance, end of period 0 0 0 0 013

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% 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% 0.0% 0.0%


1 Interest Rate (%) and calculation method 0.0% 0.0% 0.0% 0.0% 0.0%2 Minimum deposit to open account 0 0 0 0 0







3 Fees to open account 0 0 0 0 04 Minimum deposit per transaction 0 0 0 0 05 Fees per transaction 0 0 0 0 06 Penalty for early withdrawal 0 0 0 0 07 Minimum account balance 0 0 0 0 08 Withdrawal frequency (average per period) 0 0 0 0 0 9 Deposit frequency (average per period) 0 0 0 0 0 10 Number of active individual savings accounts 0 0 0 0 0 11 Number of inactive individual accounts 0 0 0 0 0 12 Total individual account balance, end of period 0 0 0 0 013

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% 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% 0.0% 0.0%

19 Average institutional account balance (mean) 0 0 0 0 0









1 Initial amount 0 0 0 0 02 Increment / Maximum 0 0 0 0 03 Term 0 0 0 0 0 4 Repayment frequency 0 0 0 0 0 5 Interest rate 0.0% 0.0% 0.0% 0.0% 0.0%6 Commissions and fees 0 0 0 0 07 Guarantees and collateral 0 0 0 0 08 Theoretical interest yield (APR) 0% 0% 0% 0% 0%9 Savings requirement (if any) 0 0 0 0 010 Number of active loans (clients), end of period 0 0 0 0 0 11 Average principle balance per client 0 0 0 0 012 Median principal balance per client 0 0 0 0 013 Average principal balance outstanding, over period 0 0 0 0 014 Total principal balance outstanding, end of period 0 0 0 0 015 Percentage of total loan balance 0.0% 0.0% 0.0% 0.0% 0.0%16


On time (and never renegotiated) 0 0 0 0 0

Overdue 1 to 30 days (and never renegotiated) 0 0 0 0 0




Overdue over 365 days (and never renegotiated) 0 0 0 0 0

Renegotiated loans - On time 0 0 0 0 0

Renegotiated loans - overdue 1 to 30 days 0 0 0 0 0



Renegotiated loans - overdue 181-365 days 0 0 0 0 0

Renegotiated loans - overdue over 365 days 0 0 0 0 0Loan Product 2 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007















1 Initial amount 0 0 0 0 02 Increment / Maximum 0 0 0 0 03 Term 0 0 0 0 0 4 Repayment frequency 0 0 0 0 0 5 Interest rate 0.0% 0.0% 0.0% 0.0% 0.0%6 Commissions and fees 0 0 0 0 0

7 Guarantees and collateral 0 0 0 0 08 Theoretical interest yield (APR) 0% 0% 0% 0% 0%9 Savings requirement (if any) 0 0 0 0 010 Number of active loans (clients), end of period 0 0 0 0 0 11 Average principle balance per client 0 0 0 0 012 Median principal balance per client 0 0 0 0 013 Average principal balance outstanding, over period 0 0 0 0 014 Total principal balance outstanding, end of period 0 0 0 0 015 Percentage of total loan balance 0.0% 0.0% 0.0% 0.0% 0.0%16




























1 Initial amount 0 0 0 0 02 Increment / Maximum 0 0 0 0 03 Term 0 0 0 0 0 4 Repayment frequency 0 0 0 0 0 5 Interest rate 0.0% 0.0% 0.0% 0.0% 0.0%6 Commissions and fees 0 0 0 0 07 Guarantees and collateral 0 0 0 0 08 Theoretical interest yield (APR) 0% 0% 0% 0% 0%9 Savings requirement (if any) 0 0 0 0 010 Number of active loans (clients), end of period 0 0 0 0 0 11 Average principle balance per client 0 0 0 0 012 Median principal balance per client 0 0 0 0 0

13 Average principal balance outstanding, over period 0 0 0 0 014 Total principal balance outstanding, end of period 0 0 0 0 015 Percentage of total loan balance 0.0% 0.0% 0.0% 0.0% 0.0%16






























































































































1 Initial amount 0 0 0 0 02 Increment / Maximum 0 0 0 0 03 Term 0 0 0 0 0 4 Repayment frequency 0 0 0 0 0 5 Interest rate 0.0% 0.0% 0.0% 0.0% 0.0%6 Commissions and fees 0 0 0 0 0

7 Guarantees and collateral 0 0 0 0 08 Theoretical interest yield (APR) 0% 0% 0% 0% 0%9 Savings requirement (if any) 0 0 0 0 010 Number of active loans (clients), end of period 0 0 0 0 0 11 Average principle balance per client 0 0 0 0 012 Median principal balance per client 0 0 0 0 013 Average principal balance outstanding, over period 0 0 0 0 014 Total principal balance outstanding, end of period 0 0 0 0 015 Percentage of total loan balance 0.0% 0.0% 0.0% 0.0% 0.0%16



























Renegotiated loans - overdue over 365 days 0 0 0 0 0

Dec 2003 Dec 2004 % Change Dec 2005 % Change

1 Population of region(s) covered 0 0 0.0% 0 0.0%2 Market size (if available) 0 0 0.0% 0 0.0%

Breadth of Outreach3 Total number of active clients (end of period) 0 0 0.0% 0 0.0%4 Total number of loan clients 0 0 0.0% 0 0.0%5 Total number of savings clients (voluntary) 0 0 0.0% 0 0.0%6 Percentage of clients who are women 0.0% 0.0% 0.0% 0.0% 0.0%7 Percentage of clients located in rural areas 0.0% 0.0% 0.0% 0.0% 0.0%

Depth of Outreach 8a

0.0% 0.0% 0.0% 0.0% 0.0%

8b0.0% 0.0% 0.0% 0.0% 0.0%

9 Mean loan balance as % of national poverty line or GNI 0.0% 0.0% 0.0% 0.0% 0.0%

100.0% 0.0% 0.0% 0.0% 0.0%

Table 5.1 Outreach Summary

Percentage of recent clients living below the national poverty line

Percentage of clients living on less than PPP adjusted US$1 per day

Mean voluntary savings balance as % of national poverty line or GNI

Financial Statements Dec 2003 Dec 2004 Dec 2005 Dec 2006

Table 7.1 Income Statement Dec 2003 Dec 2004 Dec 2005 Dec 2006

Financial Revenue 0 0 0 0

Financial Revenue from Loan Portfolio 0 0 0 0

Interest on Loan Portfolio 0 0 0 0

Fees and Commissions on Loan Portfolio 0 0 0 0

Financial Revenue from Investments 0 0 0 0

Other Operating Revenue 0 0 0 0

Financial Expense 0 0 0 0

Financial Expense on Funding Liabilities 0 0 0 0

Interest and Fee Expense on Deposits 0 0 0 0

Interest and Fee Expense on Borrowings 0 0 0 0

Other Financial Expense 0 0 0 0

Net Financial Income 0 0 0 0

Loan Impairment 0 0 0 0

Provision for Loan Impairment 0 0 0 0

Value of Loans Recovered 0 0 0 0

Operating Expense 0 0 0 0

Personnel Expense 0 0 0 0

Administrative Expense 0 0 0 0

Depreciation Expense 0 0 0 0

Other Administrative Expense 0 0 0 0

Net Operating Income 0 0 0 0

Net Non-Operating Income/(Expense) 0 0 0 0

Non-Operating Revenue 0 0 0 0

Non-Operating Expense 0 0 0 0

Net Income (Before Taxes and Donations) 0 0 0 0

Taxes 0 0 0 0

Net Income (After Taxes and Before Donations) 0 0 0 0

Donations 0 0 0 0

Donations for Loan Capital 0 0 0 0

Donations for Operating Expense 0 0 0 0

Net Income (After Taxes and Donations) 0 0 0 0

Table 7.2 Balance Sheet Dec 2003 Dec 2004 Dec 2005 Dec 2006

Assets

Cash and Due from Banks 0 0 0 0

Trade Investments 0 0 0 0

Net Loan Portfolio 0 0 0 0

Gross Loan Portfolio 0 0 0 0

Allowance for Impairment 0 0 0 0

Interest Receivable on Loan Portfolio 0 0 0 0

0 0 0 0

Other Investments 0 0 0 0

0 0 0 0

Fixed Assets 0 0 0 0

Accumulated Depreciation and Amortization 0 0 0 0

Total Assets 0 0 0 0

Liabilities

Demand Deposits: Voluntary savings 0 0 0 0

Demand Deposits: Forced savings 0 0 0 0

Short-Term Time Deposits 0 0 0 0

Short-Term Borrowings 0 0 0 0

Interest Payable on Funding Liabilities 0 0 0 0

Accounts Payable and Other Short-Term Liabilities 0 0 0 0

Long-Term Time Deposits 0 0 0 0

Long-Term Borrowings 0 0 0 0

Other Long-Term Liabilities 0 0 0 0

Total Liabilities 0 0 0 0

Equity

Paid-In Capital 0 0 0 0

Donated Equity 0 0 0 0

Prior Years 0 0 0 0

Current Year 0 0 0 0

Retained Earnings 0 0 0 0

Prior Years 0 0 0 0

Current Year 0 0 0 0

Reserves 0 0 0 0

Accounts Receivable and Other Assets

Net Fixed Assets

Other Equity Accounts 0 0 0 0

Adjustments to Equity 0 0 0 0

Total Equity 0 0 0 0

Does Balance Sheet balance? OK OK OK OK

Table 7.3 Cash Flow Statement (Direct) Dec 2003 Dec 2004 Dec 2005 Dec 2006


0 0 0 0

Cash Received from Interest on Investments 0 0 0 0

Cash Received as Other Operating Revenue 0 0 0 0

Value of Loans Repaid 0 0 0 0

(Cash Paid for Financial Expenses on Funding Liabilities) 0 0 0 0

(Cash Paid for Other Financial Expenses) 0 0 0 0

(Cash Paid for Operating Expenses) 0 0 0 0

(Cash Paid for Taxes) 0 0 0 0

(Value of Loans Disbursed) 0 0 0 0

Net (Purchase)/Sale of Trade Investments 0 0 0 0

Deposits/(Withdrawals) from Clients 0 0 0 0

Cash Received/(Paid) for Other Operating Assets and Liabilities 0 0 0 0

Net Cash from Operating Activities 0 0 0 0


Net (Purchase)/Sale of Other Investments 0 0 0 0

Net (Purchase)/Sale of Fixed Assets 0 0 0 0

Net Cash from Investing Activities 0 0 0 0


Net Cash Received /(Repaid) for Short- and Long-Term Borrowings 0 0 0 0

Issuance/(Repurchase) of Paid-In Capital 0 0 0 0

(Dividends Paid) 0 0 0 0


Net Cash from Financing Activities 0 0 0 0

Net Cash Received/(Paid) for Non-Operating Activities 0 0 0 0

Net Change in Cash and Due from Banks 0 0 0 0

Cash and Due from Banks at the Beginning of the Period 0 0 0 0

Exchange Rate Gains/(Losses) on Cash and Cash Equivalents 0 0 0 0

Cash and Due from Banks at the End of Period 0 0 0 0

Cash Received from Interest, Fees, and Commissions on Loan Portfolio

Table 7.3 Cash Flow Statement (Indirect) Dec 2003 Dec 2004 Dec 2005 Dec 2006


Net Income (Before Taxes and Donations) 0 0 0 0

Depreciation and Amortization 0 0 0 0

Loan Impairment 0 0 0 0

Cash Paid for Taxes 0 0 0 0

Value of Loans Repaid 0 0 0 0

Value of Loans Disbursed 0 0 0 0

(Increase)/Decrease in Trade Investments 0 0 0 0

Increase/(Decrease) in Deposits 0 0 0 0

(Increase)/Decrease in Receivables and Other Assets 0 0 0 0

Increase/(Decrease) in Payables and Other Liabilities 0 0 0 0

Net Cash from Operating Activities 0 0 0 0


(Increase)/Decrease in Other Investments 0 0 0 0

(Increase)/Decrease in Book Value of Gross Fixed Assets 0 0 0 0

Net Cash from Investing Activities 0 0 0 0


Increase/(Decrease) in Short- and Long-term Borrowings 0 0 0 0

Increase/(Decrease) in Paid-In Capital 0 0 0 0

(Dividends Paid) 0 0 0 0


Net Cash from Financing Activities 0 0 0 0

Net Cash Received/(Paid) for Non-Operating Activities 0 0 0 0

Net Change in Cash and Due from Banks 0 0 0 0

Cash and Due from Banks at the Beginning of the Period 0 0 0 0

Exchange Rate Gains/(Losses) on Cash and Cash Equivalents 0 0 0 0

Cash and Due from Banks at the End of Period 0 0 0 0

Dec 2007

Dec 2007

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

0

0

0

Dec 2007

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

0

0

0

0

0 OK

Dec 2007

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

Dec 2007

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 20071 Inflation rate 0.0% 0.0% 0.0% 0.0% 0.0%2 GDP Deflator 5.0% 5.0% 5.0% 5.0% 5.0%3 Market Rate for Borrowings (IMF statistics) 0.0% 0.0% 0.0% 0.0% 0.0%4 90-day certificate of deposit rate 0.0% 0.0% 0.0% 0.0% 0.0%5 Prime rate paid by commercial bank borrowers 0.0% 0.0% 0.0% 0.0% 0.0%6 Marginal commercial rate available to the MFI 0.0% 0.0% 0.0% 0.0% 0.0%7 Per capita GDP 0.0 0.0 0.0 0.0 0.0 8 Per capita GNI 0.0 0.0 0.0 0.0 0.0 9 Exchange rate (Local currency/Other currency) 50.0 50.0 50.0 50.0 50.0 10 National Poverty Line 0.0 0.0 0.0 0.0 0.0

Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 20071 Subsidized Cost of Funds Adjustment 0 0 0 0 02 In-kind subsidy adjustment 0 0 0 0 03 Inflation Adjustment (3a minus 3b) 0 0 0 0 03a Equity accounts portion 0 0 0 0 03b Net fixed assets portion 0 0 0 0 04 Write-off Adjustment4a Portfolio at risk > 180 days 0 0 0 0 04b Number of loans > 180 days 0 0 0 0 05 Adjustment for Allowance for Impairment 0 0 0 0 0

BS and IS line items6 Unadjusted financial expense 0 0 0 0 07 Unadjusted net impairment expense 0 0 0 0 08 Unadjusted operating expense 0 0 0 0 09 Unadjusted net operating income 0 0 0 0 010 Unadjusted assets 0 0 0 0 011 Unadjusted equity 0 0 0 0 012 Unadjusted gross loan portfolio 0 0 0 0 013 Unadjusted number of loans outstanding 0 0 0 0 0

Adjusted BS and IS line items14 Adjusted financial expense 0 0 0 0 015 Adjusted net impairment expense 0 0 0 0 016 Adjusted operating expense 0 0 0 0 017 Adjusted net operating income 0 0 0 0 018 Adjusted assets 0 0 0 0 019 Adjusted equity 0 0 0 0 020 Adjusted gross loan portfolio 0 0 0 0 021 Adjusted number of loans outstanding 0 0 0 0 0



C23

Average total borrowings times shadow price for market rate for borrowings, minus interest and fee expense on borrowings

C24

Estimated market cost of personnel, and/or other administrative accounts minus actual cost of subsidized personnel, administrative accounts

C31

Gross Loan Portfolio x [Allowance Rates] - (Allowance for Impairment)

C42

Financial expense, line I7 on IS, plus subsidized cost of funds adjustment, plus inflation adjustment.

C43

Impairement losses on loans, line I13 on IS, plus Impairment loss allowance adjustment

C44

Operating expense plus in-kind subsidy adjustment

C45

Net operating income minus loan loss provision expense, minus in-kind subsidy adjustment.

C46

Total assets plus inflation adjustment (3b only)

C47

Total equity plus adjustment for subsidized cost of funds, plus in-kind subsidy adjustment, plus inflation adjustment (3a only)

C48

Gross loan portfolio minus write-off adjustment (4a only).

C49

Number of loans outstanding minus write-off adjustment (4b only).

As of:Dec 2007

Liability 11 Creditor (specify if domestic or international)2 Commercial or non-commercial liability 3 Tenor (Term)4 Original principal balance 5 Balance outstanding 6 Currency in which repayment is due7 Interest rate8 Amortization schedule9

10 Other relevant informationLiability 21 Creditor (specify if domestic or international)2 Commercial or non-commercial liability 3 Tenor (Term)4 Original principal balance 5 Balance outstanding 6 Currency in which repayment is due7 Interest rate8 Amortization schedule9

10 Other relevant information

Table 7.4 Composition of Funding Liabilities



As of:

Source, Date, Terms Amount Currency: Funding Status

Grants 1

2

3

4

5

6

7

8

9

10

Table 7.5 External Grants and Subsidies

Significant In-kind Subsidies1

2

3

4

5

6

7

8

9

10

Dec 2007

Funding Status

Dec 2003 Dec 2004 Dec 20051 Loan Product 1

1. Theoretical interest yield (APR) 0.0% 0.0% 0.0%

- - -

3. Line 1 times line 2 - - - 2 Loan Product 2


- - -



- - -



- - -



- - -



- - -



- - -



- - -



- - -



- - -



- - -



2. Monthly average of outstanding balance for the year (opening balance plus 12 month-end balances divided by 13).












- - -



- - -



- - -



- - -

3. Line 1 times line 2 - - -

4. Weighted theoretical interest yield (sum of line 3 for all loan products) - - -

5. Actual yield on portfolio - - -

6. Yield gap ratio (line 5 as a percentage of line 4) 0.0% 0.0% 0.0%





Dec 2006 Dec 2007

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%

- -

- -

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%

- -

- -

0.0% 0.0%

- -

- -

- -

- -

0.0% 0.0%

Loan Yield Calculator

* Enter into white cells, depending on terms of the loan being analyzed

* Model assumes client can withdraw savings without cost when loan is repaid. This assumption can be overridden.

* All movements or balances are assumed to be as of the end of the period for which they are shown.

Periods/Yr 12 Yield (interest + fees) on Book Portfolio 72.00%

Periods in loan 4 APR cost to client 91.99%

Average Outstanding Principal on Books 625.00

ACTUAL CASH FLOW ACCOUNTING TREATMENT

En

d o

f P

erio

d

Fee from client

0 (1,000.00) 30.00 120.00 - (850.00) 1,000.00 30.00 - -

1 250.00 50.00 - 300.00 750.00 30.00 50.00 50.00

2 250.00 50.00 - 300.00 500.00 30.00 100.00 0.50 100.50

3 250.00 50.00 - 300.00 250.00 30.00 150.00 1.00 151.50

4 250.00 50.00 (203.00) 97.00 - 30.00 200.00 1.50 203.00

5 - - - - -

6 - - - - -

7 - - - - -

8 - - - - -

9 - - - - -

10 - - - - -

11 - - - - -

12 - - - - -

13 - - - - -

14 - - - - -

15 - - - - -

16 - - - - -

17 - - - - -

18 - - - - -

19 - - - - -

20 - - - - -

21 - - - - -

22 - - - - -

23 - - - - -

24 - - - - -

25 - - - - -

26 - - - - -

27 - - - - -

28 - - - - -

29 - - - - -

30 - - - - -

31 - - - - -

32 - - - - -

33 - - - - -

34 - - - - -

35 - - - - -

36 - - - - -

37 - - - - -

38 - - - - -

39 - - - - -

40 - - - - -

41 - - - - -

42 - - - - -

43 - - - - -

44 - - - - -

45 - - - - -

46 - - - - -

47 - - - - -

48 - - - - -

49 - - - - -

50 - - - - -

51 - - - - -

52 - - - - -

120.00 150.00

* For declining-balance calculations, principal and interest for each payment can be calculated using a financial calculator, the PPMT or IPMT functions in Excel, or the Loan Manager template in Excel's "New" dialogue box.

Principal (to) from client

Interest from client

Savings from client

Savings balance paid

to client

Net cash flow

Principal balance on

books

Fee income from client,

when recognized

Interest income from client, when recognized

Savings principal balance before

payment to client

Savings interest

expense

Savings total balance before

payment to client

IntroductionGetting Started

Input DataAbout Appraise


Profitability & Sustainability

R1 Operational Self-sufficiency (OSS) No data No data No data No data No data

R1 Financial self-sufficiency (FSS) No data No data No data No data No data

R2 Return on Assets (ROA) No previous yr No data No data No data No data

R2 Adjusted Return on Assets (AROA) No previous yr No data No data No data No data

R3 Return on Equity (ROE) No previous yr No data No data No data No data

R3 Adjusted Return on Equity (AROE) No previous yr No data No data No data No data

Asset/Liability Management

R4 Yield on Gross Portfolio No previous yr No data No data No data No data

R5 Portfolio to Assets No data No data No data No data No data

R6 Cost of Funds Ratio No previous yr No data No data No data No data

R6 Adjusted Cost of Funds No previous yr No data No data No data No data

R7 Debt to Equity No data No data No data No data No data

R7 Adjusted Debt to Equity No data No data No data No data No data

R8 Liquid Ratio No data No data No data No data No data

Portfolio Quality

R9 Portfolio-at-risk Ratio (PAR) No data No data No data No data No data

R9 Adjusted PAR Ratio No data No data No data No data No data

R10 Write-off Ratio No previous yr No data No data No data No data

R10 Adjusted Write-off Ratio No previous yr No data No data No data No data

R11 Risk Coverage Ratio No data No data No data No data No data

R11 Adjusted Risk Coverage Ratio No data No data No data No data No data

Efficiency & Productivity

R12 Operating Expense Ratio No previous yr No data No data No data No data

R12 Adjusted Operating Expense Ratio No previous yr No data No data No data No data

R13 Cost per Active Client No previous yr No data No data No data No data

R13 Adjusted Cost per Active Client No previous yr No data No data No data No data

R14 Borrowers per Loan Officer No data No data No data No data No data

R15 Active Clients Per Staff Member No data No data No data No data No data

R16 Client Turnover No previous yr 0.0% 0.0% 0.0% 0.0%

R17 Average Outstanding Loan Size No data No data No data No data No data

R17 Adjusted Average Outstanding Loan Size No data No data No data No data No data

R18 Average Loan Disbursed No data No data No data No data No data

Other RatiosNo previous yr 0.0% 0.0% 0.0% 0.0%No previous yr - - - -

Adjusted Cost per Borrower No previous yr - - - -

No data No data No data No data No data

Savers/Total staff No data No data No data No data No data

Savings/Total staff No data No data No data No data No data

Average savings balance - - - - -

Non-earning liquid assets as a % of Total Assets No data No data No data No data No data

Total liquidity reserves - - - - -

Quick ratio No data No data No data No data No data

MBB Commercial Funding Liabilities ratio No previous yr No data No data No data No data

Funding Expense Ratio No previous yr 0.0% 0.0% 0.0% 0.0%

MBB Financial Expense Ratio No previous yr No data No data No data No data

MBB Deposits to Total Assets No data No data No data No data No data


Provision Expense Ratio

Cost per Borrower

Personnel Productivity

C13

Measures how well an MFI can cover its costs through operating revenues. R1 = Financial Revenue / (Financial Expense + Impairment on Loans + Operating Expense)

C14

Measures how well an MFI can cover its costs taking into account adjustments to operating revenues and expenses. R1 Adj = Adjusted Financial Revenue / (Adjusted Financial Expense + Adjusted Impairment on Loans + Adjusted Operating Expense)

C15

Measures how well the MFI uses its assets to generate returns. This ratio is net of taxes and excludes non-operating items and donations. R2 = Net Operating Income – Taxes / Average Assets

C16

R2Adj = Adjusted Net Operating Income – Taxes / Average Adjusted Assets

C17

Calculates the rate of return on the Average Equity for the period. Because the numerator does not include non-operating items or donations and is net of taxes, the ratio is frequently used as a proxy for commercial viability. R3 = Net Operating Income – Taxes / Average Equity

C18

R3Adj = Adjusted Net Operating Income -Taxes / Average Adjusted Equity

C20

Indicates the MFI’s ability to generate cash from interest, fees, and commissions on the Gross Loan Portfolio. No revenues that have been accrued but not paid in cash are included. R4 = Cash Received from Interest, Fees, and Commissions on Loan Portfolio / Average Gross Loan Portfolio

C21

Measures the MFI’s allocation of assets to its lending activity. Indicates management’s ability to allocate resources to the MFI’s primary and most profitable activity—making microloans. R5 = Gross Loan Portfolio / Assets

C22

Calculates a blended interest rate for all the MFI’s funding liabilities. R6 = Financial Expenses on Funding Liabilities / (Average Deposits + Average Borrowings)

C23

The adjusted ratio will usually be higher due to affect of the Subsidized Cost of Funds adjustment. R6Adj = Adjusted Financial Expenses on Funding Liabilities / (Average Deposits + Average Borrowings)

C24

Measures the overall leverage of an institution and how much cushion it has to absorb losses after all liabilities are paid. R7 = Liabilities / Equity

C25

The adjusted ratio considers reductions to equity due to adjustments. R7Adj = Liabilities / Adjusted Equity

C26

Indicates level of cash and cash equivalents the MFI maintains to cover short-term liabilities. Short-term means assets or liabilities or any portion thereof that have a due date, maturity date, or may be readily converted to cash within 12 months. R8 = Cash + Trade Investments / (Demand Deposits + Short-term Time Deposits + Short-term Borrowings + Interest Payable on Funding Liabilities + Accounts Payable and Other Short-term Liabilities)

C28

The most accepted measure of portfolio quality. The most common international measurements of PAR are > 30 days and > 90 days. R9 = PAR > 30 Days + Value of Renegotiated Loans / Gross Loan Portfolio

C29

The adjusted PAR reduces the Gross Loan Portfolio by the Write-off Adjustment. R9Adj = PAR > 30 Days + Value of Renegotiated Loans / Adjusted Gross Loan Portfolio

C30

Represents the percentage of the MFI’s loans that has been removed from the balance of the gross loan portfolio because they are unlikely to be repaid. MFIs’ write-off policies vary; managers are recommended to calculate this ratio on an adjusted basis. R10 = Value of Loans Written Off / Average Gross Loan Portfolio

C31

R10Adj = Value of Loans Written Off + Write-off Adjustment / Average Adjusted Gross Loan Portfolio

C32

Shows how much of the portfolio at risk is covered by the MFI’s Impairment Allowance. R11 = Impairment Allowance / Portfolio at Risk > 30 Days

C33

The adjusted ratio incorporates the Impairment Loss Allowance Adjustment and the Write-off Adjustment. R11Adj = Adjusted Impairment Loss Allowance / Adjusted Portfolio at Risk > 30 Days – Write-off Adjustment

C35

Highlights personnel and administrative expenses relative to the loan portfolio the most commonly used efficiency indicator. R12 = Operating Expense / Average Gross Loan Portfolio

C36

The adjusted ratio usually increases this ratio when the affect of subsidies are included. R12Adj = Adjusted Operating Expense / Average Adjusted Gross Loan Portfolio

C37

Provides a meaningful measure of efficiency for an MFI, allowing it to determine the average cost of maintaining an active client. R13 = Operating Expense / Average Number of Active Clients

C38

The adjusted ratio usually increase this ratio when the affect of subsides are included. R13Adj = Adjusted Operating Expense / Average Number of Active Clients

C39

Measures the average caseload of (average number of borrowers managed by each client officer. R14 = Number of Active Borrowers / Number of Client Officers

C40

The overall productivity of the MFI’s personnel in terms of managing clients, including borrowers, voluntary savers, and other clients. R15 = Number of Active Clients / Total Number of Personnel

C41

Measures the net number of clients continuing to access services during the period; used as one measurement of client satisfaction. R16 = Number of Active Clients, Beginning of Period + Number of New Clients During Period – Number of Active Clients, End of Period / Average Number of Active Clients

C42

Measures the average outstanding loan balance per borrower. This ratio is a profitability driver and a measure of how much of each loan is available to clients. R17 = Gross Loan Portfolio / Number of Loans Outstanding

C43

The adjusted ratio incorporates the Write-off Adjustment. R18Adj = Adjusted Gross Loan Portfolio / Adjusted Number of Loans Outstanding

C44

Measures the average value of each loan disbursed. This ratio is frequently used to project disbursements. This ratio or R17 can be compared to GNI per capita. R18 = Value of Loans Disbursed / Number of Loans Disbursed

C47

Cost per Borrower: Operating Expense / Average number of active borrowers.

C48

Adjusted Cost per Borrower: Adjusted Operating Expenses / Adjusted Average Number of Active Borrower

C49

Number of active borrowers (excluding Consumer and Pawn Loans) / Total Staff

C55

Liquid assets / short term liabilities

C56

Net commercial liabilities (commercial liabilities minus donor and government guarantees), divided by average gross loan portfolio

C58

Adjusted financial expense / Adjusted average total assets.

Mature Branch

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%

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%

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%

- -

- -

- -

- -

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%

0.0% 0.0%

0.0% 0.0%

MBB Peer Group

I11

A list of MBB performance indicators and their definitions can be found at: http://www.mixmbb.org/en/benchmarks/2003/2003%20MFI%20Benchmarks.xls#'Indicator Def.'!A1

Table 8.1 Projected Performance Dec 2008 Dec 2009 Dec 20101 Total Number of clients 0 0 02 Total gross loan portfolio - - - 3 Number of active loans 0 0 0

4 - - -

5 Number of voluntary savings clients 0 0 06 Number of staff 0 0 07 Number of branch offices 0 0 08 Return on Assets (ROA) 0.0% 0.0% 0.0%9 Return on Equity (ROE) 0.0% 0.0% 0.0%

Total balance of voluntary savings accounts

< 1 month 1-3 months >3-6 months >1-2 years

ASSETSCash and Due from Banks 0 0 0 0 0

Trade Investments 0 0 0 0 0

Net Loan Portfolio (top line only) 0 0 0 0 0

0 0 0 0 0

Other Investments 0 0 0 0 0

Net Fixed Assets (top line only) 0 0 0 0 0


Demand Deposits: Voluntary savings 0 0 0 0 0

Demand Deposits: Forced savings 0 0 0 0 0

Short-Term Time Deposits 0 0 0 0 0

Short-Term Borrowings 0 0 0 0 0

0 0 0 0 0

Long-Term Time Deposits 0 0 0 0 0

Long-Term Borrowings 0 0 0 0 0

Other Long-Term Liabilities 0 0 0 0 0

Total Liabilities 0 0 0 0 0Total Equity 0 0 0 0 0

Total Liabilities & Equity 0 0 0 0 0Asset-Liability Gap 0 0 0 0 0As % of equity 0.0% 0.0% 0.0% 0.0% 0.0%Cumulative Gap 0 0 0 0 0Cumulative Gap as % of Equity 0.0% 0.0% 0.0% 0.0% 0.0%

As of: Dec 2007

US $ EURO OTHERS Total

ASSETSCash and Due from Banks 0 0 0 0 0Trade Investments 0 0 0 0 0Net Loan Portfolio (top line only) 0 0 0 0 0

0 0 0 0 0

Other Investments 0 0 0 0 0Net Fixed Assets (top line only) 0 0 0 0 0


Demand Deposits: Voluntary savings 0 0 0 0 0Demand Deposits: Forced savings 0 0 0 0 0Short-Term Time Deposits 0 0 0 0 0Short-Term Borrowings 0 0 0 0 0

0 0 0 0 0

Long-Term Time Deposits 0 0 0 0 0Long-Term Borrowings 0 0 0 0 0Other Long-Term Liabilities 0 0 0 0 0

Total Liabilities 0 0 0 0 0Total Equity - - - - 0Total Liabilities & Equity - - - - -

Net Open Position (A-TL and Equity) 0 0 0 0 0

Net Open Position as % of Equity 0.0% 0.0% 0.0% 0.0% 0.0%

Table 7.10 Asset/Liability Maturity Mismatch Table

>6-12 months

Interest Receivable on Loan Portfolio + Accounts Receivable and Other Assets

LIABILITIES

Interest Payable on Funding Liabilities + Accounts Payable and Other Short-Term Liabilities

Table 7.11 Foreign Currency Mismatch Table LOCAL CURRENCY


LIABILITIES


Assets/Liabilities 0.0% 0.0% 0.0% 0.0% 0.0%

As of: Dec 2007

< 1 month 1-3 months >3-6 months >1-2 years

ASSETSCash and Due from Banks 0 0 0 0 0

Trade Investments 0 0 0 0 0

Net Loan Portfolio (top line only) 0 0 0 0 0

0 0 0 0 0

Other Investments 0 0 0 0 0

Net Fixed Assets (top line only) 0 0 0 0 0


Demand Deposits: Voluntary savings 0 0 0 0 0

Demand Deposits: Forced savings 0 0 0 0 0

Short-Term Time Deposits 0 0 0 0 0

Short-Term Borrowings 0 0 0 0 0

0 0 0 0 0

Long-Term Time Deposits 0 0 0 0 0

Long-Term Borrowings 0 0 0 0 0

Other Long-Term Liabilities 0 0 0 0 0

Total Liabilities 0 0 0 0 0Total Equity 0 0 0 0 0

Total Liabilities & Equity 0 0 0 0 0Asset-Liability Gap 0 0 0 0 0As % of equity 0.0% 0.0% 0.0% 0.0% 0.0%

Table 7.12 Interest Rate Sensitivity Mismatch Table

>6-12 months


LIABILITIES


As of: Dec 2007

>2-3 years >3-4 years >4-5 years > 5 years Total

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 00

0 0 0 0 0 00 0 0 0 0 0

0 0 0 0 0 0

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 00

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 0 00 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% 0.0%

0 0 0 0 0 0

0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

No Maturity or Unknown

>2-3 years >3-4 years >4-5 years > 5 years Total

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 00

0 0 0 0 0 00 0 0 0 0 0

0 0 0 0 0 0

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 00

0 0 0 0 0 00 0 0 0 0 00 0 0 0 0 0

0 0 0 0 0 00 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% 0.0%

Non-interest Bearing

Graph Calculations

Graph 11 Portfolio Size

Gross Loan Portfolio

Number of borrowers

Value Axis Title

2003 2004 2005 2006 20070

1

1

0

1

1

Portfolio Size

Gross Loan Portfolio Number of borrowers

Th

ou

san

ds

2003 2004 2005

0 0 0

0 0 0

Thousands

About Appraise

Type Unlicensed shareware

Version Version 1

Version Date 14-03-07

Excel version in use 53bb9681a964705cf672590721dbc85eb4d0c3a2

File Name #VALUE!

Appraise has been designed for use with Excel 2000, 2002, and 2003 (release 9, 10, and 11)

Introduction

Getting Started

Input Data

About Appraise

Introduction

Getting Started

Input Data

About Appraise

Documents

CGAP MFI Appraise Worksheet