We have had a good start to the year with a strong first quarter. A total of 725,000 euro was disbursed which is a growth of more than 40 % compared to the previous quarter. This growth is fully in line with our strategy for 2012 – described in more detail in the post 2012 – Challenges and Opportunities – and we aim to grow the volume further in the second quarter. To do so, we need more money on the MYC4 platform – make sure to read about our search for more liquidity here.
Portfolio Performance (by loans disbursed each quarter) - Current Providers
The quality of the portfolio disbursed by current providers after Q2 2009 continues to be good. So far, more than 73 % of 5.42 million has been fully repaid to investors while around 2 % has defaulted. The graph above shows the current performance of this portfolio (i.e. repaid, on time, late more than 30 days, defaulted) divided by quarter disbursed. The first quarter of 2012 ended with a portfolio at risk (PAR) above 30 days of 5 % which is the best result since late 2008 and our target in terms of quality.
With regards to the profit and loss, there have also been significant positive developments over the last three months. The East African currencies, especially the Kenyan and Ugandan shilling, seem to have stabilised, and MYC4 investors have in this process received net currency gains of 30,000 euro on loans disbursed in the second half of 2011 – thereby balancing out some of the losses from the first six months of last year. The net return for investors on loans disbursed by our current providers after Q2 2009 is now 3.5 % before currency and -0.1 % after currency. The chart below shows the profit and loss for each quarter (click to enlarge).
Profit & Loss (by loans disbursed each quarter) - Current Providers
Kindly note that the performance of the 2008/2009 portfolio has been analysed in detail in previous portfolio performance posts, see e.g Portfolio Performance 2010 and Portfolio Performance 2011: Q1, Q2, Q3, Q4.
Good reading, thanks.
These figures are just with the current providers. I would like to see the whole picture so that you include past providers that have been inactivated. The defaults that I have suffered have not been with the current providers.
[...] Another quarter has gone by so here is an updated report on the performance of the MYC4 portfolio (to read the previous performance post go to Portfolio Performance 1st Quarter 2012). [...]
[...] after Q2 2009 by the current providers* improved to 1.9 % after currency (up from 1.2 % in Q2 and -0.1% in Q1). Investors’ net result before currency also improved from 3.6% in Q2 to 3.9% in Q3; thirdly, [...]
[...] is a small decline from the previous quarter’s 1.9 %, yet it is still up from 1.2 % in Q2 and -0,1 % in Q1. As a new key indicator, we have calculated the Return on Investment (RoI) for each of our active [...]