LOAN PORTFOLIO AND OUTREACH PERIOD ENDED 31/12/2013
|Number of loans carried – forward from 2012||642 groups|
|Number of loan disbursed in 2013||1,529 groups|
|Number new loans disbursed in 2013||308 groups|
|Value of loan disbursed in 2013||954,850,000 Tsh|
|Average value of loans per group||600,000 Tsh|
|Number of loans outstanding as at 31/12/2013||550 groups|
|Value of loans outstanding as at 31/12/2013||326,150,278 Tsh|
|Bank balance as at 31/12/2013||21,046,023 Tsh|
|Cash in hands as at 31/12/2013||10,091,338 Tsh|
|Savings carried forward from 2012||28,442,015 Tsh|
|Savings amount made in 2013||54,139,800 Tsh|
|Savings withdrawal amount in 2013||53,658,31 Tsh|
|Savings balance as at 31/12/2013||28,923,505 Tsh|
|Number of groups in Arrears as at 31/12/2013||59 groups|
|Value of loans in Arrears as at 31/12/2013||3,047.500 Tsh|
|Average loan terms||5 months|
|Expected loan repayment as at 31/12/2013||773,600,000 Tsh|
|Loan repayment made as at 31/12/2013||856,000,000 Tsh|
|ACTIVITIES FINANCED DURING THE YEAR|
|Number of Agro processing loans||96|
|Number of manufacturing loans||287|
|Number of trading/retail loans||703|
|Number of service loans||318|
|Number of livestock/crop production loans||120|
|Number of fishing loans||–|
|Number of mining/querying loans||5|
|Total number of groups loaned||1,529 groups|
|Number of trainings/workshops conducted with clients||58|
|Number of meetings with clients||28|
|Number of meetings with zonal leaders||4|
|Number of meetings conducted with loan officers||12|
MFI PLANNED AND PERFORMED ACTIVITIES FOR 2013
• Awareness meeting to street zonal leaders, microcredit committee and wards management.
• Selection of needy target group (women and youth groups) for training and financial support after training. We selected groups which are visible and reachable.
• Identification and registration of groups which are known by community/street/village/ward leaders as part of security.
• Visiting loaned groups.
• Training on entrepreneurship and loan management to selected groups.
• Conducted three to four days entrepreneurship training to selected women and young youth leaders.
• Data collection
• Monthly follow up and monitoring
• Loan provision from clients
• Weekly loan collection from clients
• Conducting meeting with some clients to share the challenges and success stories
• Compiling monthly reports
• Banking and updating cash books
• Writing books of accounts
• Signing loan agreements.
MFI-PROGRAMME ACHIEVEMENTS 2013
• Clients have been able to meet their basic requirements and improve their life.
• Loan beneficiaries have been able to support their children and other dependents basically on food, clothes, education fees, health services and etc.
• Loaned groups have been more creative in running their small scale businesses after getting training in business management.
• After having been loaned by IDYDC, many groups are now self employee instead of being employed by government or other individuals.
• The loan support to family group especially poor families has reduced the number of street and vulnerable children.
• Loan beneficiaries have been able to increase the income in their families.
PROGRAMME CHALLENGES IN 2013
• Small loan capital and failure of loan repayment by some clients had caused the loan services to stop in some districts such as Njombe, Ludewa and Mufindi and Kilolo.
• Many courts have taken a lot of time to take action against the client’s cases who fail to complete repayment in time.
STRATEGY TO COMBAT 2013 CHALLENGES
• To continue fundraising and requesting funds from different donors to support the programme.
• To restart MFI loan activities with new approach to districts which have completely ceased to provide loans.
• To conduct frequent loan meetings with loaned groups, zone leaders, village leaders and credit office
IDEAS TO IMPROVE THE PROJECT
• To conduct frequent loan training seminars to clients in order to update and improve their businesses and eventually make their repayment in time.
• To be serious in loan follow up so as to promote and maintain good and timely repayment trend as indicated in the loan agreement.
• To increase follow up effort to client’s loan cases already sent before the court.
IDYDC intends to reach out to more target people, especially Women and youth in all seven districts of Iringa region and other parts of Tanzania for who we need financial support.
Clients during training