LFSP APN Rural Finance Technical Assistance Facility Phase 2

Publication Date: 24/04/2017

The quarter under review witnessed an exponential growth of MicroPlan’s portfolio under the Rural Finance Project. The total number of clients almost doubled from an annual 2016 cumulative figure of 982 in December 2016 to 1786 clients by March 2017 representing an 81% client growth (804 clients) across the five branches within three months. The total rural finance loan portfolio grew by 55% from annual cumulative total of USD 629, 726 in December 2016 to USD 975,947.75 in March 2017. This growth demonstrates the financial institution’s ability to create business and claim a significant market share in the rural areas and move the rural branches towards sustainability and profitability for long term operation in rural areas. [16 pages]