SEEP FRAME Tool 2.07

46
Language: WARNING! Macros are NOT enabled (Ignore this message if you have just SAVED t Please read the explanation in the blue box f You may use and share this tool without charg © SEEP Ne Development of this tool was financed by Catholic Relief Services (CRS), Christian Children's Fund (CCF), Grameen This tool was developed by: MFI Solutions, LLC Chuck Waterfield (Head Developer) Ana Escalona (Assistant Developer) Tony Sheldon (Advisor) Vis WARNING! Macros are NOT enabled. Please r (Ignore this message if you have just SAVED the workbook.) These buttons are for your (careful and prudent) use. The only one Branch A NOTE: You MUST "enable macros" when opening this file or many fea change the security settings in Excel (use Tools / Macros / Secur file. Please note that this workbook is a companion tool to the SEEP Ma Microfinance Institutions". You should refer to this manual in o and concepts underlying this workbook. `

Transcript of SEEP FRAME Tool 2.07

Page 1: SEEP FRAME Tool 2.07

Language:

WARNING! Macros are NOT enabled. (Ignore this message if you have just SAVED the workbook.) Please read the explanation in the blue box further below.

You may use and share this tool without charge, but you must acknowledge the SEEP Network in all instances.© SEEP Network, 2005

Development of this tool was financed by Catholic Relief Services (CRS), Christian Children's Fund (CCF), Grameen Foundation and USAID

This tool was developed by: MFI Solutions, LLCChuck Waterfield (Head Developer)Ana Escalona (Assistant Developer) For questions or comments please contact:Tony Sheldon (Advisor) Visit our webpage for additional FRAME materials:

WARNING! Macros are NOT enabled. Please read the explanation in the blue box further below.(Ignore this message if you have just SAVED the workbook.)

These buttons are for your (careful and prudent) use. The only one that can "break" things is the ERASE button!

Branch Aggregation Model

Convert this file into a BRANCH model

NOTE: You MUST "enable macros" when opening this file or many features will not work. You may need to change the security settings in Excel (use Tools / Macros / Security / Medium) and then reopen the file.

Please note that this workbook is a companion tool to the SEEP Manual "Measuring Performance of Microfinance Institutions". You should refer to this manual in order to understand the definitions and concepts underlying this workbook.

`

Page 2: SEEP FRAME Tool 2.07

#VALUE! Number of branch sheets in this modelNOTE: Branch model files will be larger if there are multiple branch sheets. Delete extra branch sheets BEFORE creating a model for distribution.

Changes by Version (This list only appears in English)1.01 This was a test version with limited release1.02 Released 16 November 2005

EnhancementsAutomatically carry over renogotiated portfolio value from DataInput to AdjInput sheet; affects Export from 1.0Automatically carry over portfolio > 180 days in A5.1 from section A4 above on AdjInput sheet; affects Export from 1.0Add error-counter to top of AdjInputAdd reference of selected adjustment methodology on FinReports(Adj) and Ratios sheetsAdded out-of-balance warning to Balance Sheet reportsAdded forced-balance formula to current loans on DataInput when breaking portfolio down by productAdded comments columns to far-right of all outputs sheetsAdded note about NA in Current Period column of MMR/QMR/etcAdded a check in VBA; if one year old recommend looking for new version on websiteAdded "Enable Events" button to INTRO to solve intermittent problemsAdded reference numbers and YTD clarifications to AdjInput sheetRatios: Added more lines for user-defined ratiosIntro: Added logos of funding organizations

Formatting/Output CorrectionsFinReports(Unadj): P5 was showing as negative value for previous year columnFinReports(Unadj): P5(0) was not showing beginning balanceFinReports(Adj): deleted figure in first column for B31; shouldn't have been thereFinReports(Adj): added A2.3 depreciation adjustment to reportFinReports(Adj): shifted A4 adjustment from I13 to I14OutputAdj: Added A2.3 to Balance SheetAdjInput: Correct to hide all rows in A2.3 if method=BenchmarkingQtrFinan: Correct "All figures are in " Stated foreign currency and must be local currencyMMR/QMR, etc: "As of Last Yr" figure for data coming from Ratios sheet was not displaying properlyFinReports(Unadj): Changed prorating messages for Balance Sheet and Portfolio ReportRatios: Changed data types from "flow" to "stock" for many ratios so that Reports would handle properlyMMR/QMR, etc: Changed "YTD Variance / Target (YTD)" column to only annualize flow variables, not stockMMR/QMR, etc: Modified to avoid large percentage variances when data is incompleteQtrFinan: Changed percentage column to show NA if denominators are 0VBA Open routine was checking for 180-old version and blocking accessImprovements to the Spanish translationFinReports(Unadj): Correct end-dates for 2nd and 3rd year for BS, CF, and NFD reports

Calculation ChangesAdjInput: Subsidized Cost of Funds calculation for True Performance was flawed for non-annual calcsAdjInput: Adjusted Denominator values were not all calculating correctlyDataInput: C24 and C48 showed wrong figure for Year 2AdjInput: True Performance inflation adjustment was not calculating for "beginning balances" optionAdjInput: Redesigned True Performance subidized funds adjustment to use average YTD figuresAdjInput: Redesigned True Performance depreciation adjustment to use period figures

1.03 Released 30 August 2006Correct loss allowance rate input cells for Year 3 / Quarterly Data; were not properly displayedCorrect annual target figures for user-defined rows; were not displaying on

1.04 Released 18 October 2006Year-end conversion was not working; now corrected

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Disable right-click on sheet tabs to avoid lockup problemsCorrected "Adjusted Denominator Formulas" on AdjInput sheetRemoved error-check on rows 400 and 401 of DataInput for the InitBal columns

1.10 Released 12 February 2007Corrected SUMIF formula on R11 and R11Adj; was not summing all PAR aging categoriesRemoved "*" from R11 and R11 formula descriptionsRevised definition of R16 on RATIOS sheetAdded new IMPORT feature via button on SETUP sheetIncorporated French translation

1.11 Released 16 February 2007Minor correction to IMPORT routine to work with version 1.04

1.12 Released 12 March 2007Correction to IMPORT to allow import from another same-version file and to prohibit import from FUTURE versionsMoved VBA security/macro warning message higher on the INTRO screenAdd test for recent Excel patches installed if using Excel 2003Add notice if opened in Excel 2007; toolbars are hidden

1.12 Re-released 5 April 2007Enabled Chinese language translation

1.13 Released 2 July 2007Add Arabic translation, with left-to-right optionIncorporate translation of worksheet tabsAdded digital certificate to VBA moduleSmall correction on test for installed Excel patches

2.00 Released 6 March 2008Major new revisions and features throughout the model; refer to documentation for a complete listNOTE: Only English version released in 2.00

2.01 Released 16 March 2008Corrected "% Achieved" and "YTD Variance" columns for MMR, QMR, BoardRep, and DonorRep sheets

2.02 Released 12 April 2008Corrected "Plan YTD"column for MMR, QMR, BoardRep, and DonorRep sheets

2.03 Released 13 May 2008Ratios: Corrected R4Px Formulas; were not including fee income; only had interest income; also, avg gross portfolio figures were inconsistentDataInput: C48 showed wrong figure for Year 1 and Year 2DataInput: corrected formula for P5[0] for Year 2DataInput: correction to internal count-of-entries-in-column for "current year columns" to avoid showing negative figures on OutputMon for first incomplete monthRatios: Correct calculation of average loan amount in the by-product subaccount lines for R17Import process was not bringing in all data starting with imports made from 2.0; imports from earlier versions was working properlyVariance: Correct report to show "benchmarks" when "most recent period" selected

2.04 Released 15 May 2008Ratios(Mon): Correct calculation of average loan amount in the by-product subaccount lines for R17

2.05 Released 5 Jun 2008Completed Arabic translationEnabled translation dropdown; added note that spanish, french, and chinese translations are only 85% complete

2.06 Released 21 Jun 2008Completed Spanish, French, and Chinese translationsCorrected some formulas for section A3 on AdjInput for fixed asset and equity values

2.07 Released 13 Nov 2008Corrected minor formula error on OutputMon sheet for some values of I4, Fees and Commissions on Loan Portfolio.

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Tool Version: 2.07Release Date: 13-Nov-2008Excel Version: 53bb9681a964705cf672590721dbc85eb4d0c3a2 Build: 8231

You may use and share this tool without charge, but you must acknowledge the SEEP Network in all instances.

Development of this tool was financed by Catholic Relief Services (CRS), Christian Children's Fund (CCF), Grameen Foundation and USAID

For questions or comments please contact:Visit our webpage for additional FRAME materials:

WARNING! Macros are NOT enabled. Please read the explanation in the blue box further below.

These buttons are for your (careful and prudent) use. The only one that can "break" things is the ERASE button!

<--- Click the Enable VBA Events if you find that toolbars are not being updated; this means that Visual Basic Events are not enabled.

Branch Aggregation Model

Convert this file into a BRANCH model

[email protected]/FRAME

NOTE: You MUST "enable macros" when opening this file or many features will not work. You may need to change the security settings in Excel (use Tools / Macros / Security / Medium) and then reopen the file.

Please note that this workbook is a companion tool to the SEEP Manual "Measuring Performance of Microfinance Institutions". You should refer to this manual in order to understand the definitions and concepts underlying this

`

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Number of branch sheets in this modelNOTE: Branch model files will be larger if there are multiple branch sheets. Delete extra branch sheets BEFORE creating a model for distribution.

Automatically carry over renogotiated portfolio value from DataInput to AdjInput sheet; affects Export from 1.0Automatically carry over portfolio > 180 days in A5.1 from section A4 above on AdjInput sheet; affects Export from 1.0

Add reference of selected adjustment methodology on FinReports(Adj) and Ratios sheets

Added forced-balance formula to current loans on DataInput when breaking portfolio down by product

Added a check in VBA; if one year old recommend looking for new version on website

QtrFinan: Correct "All figures are in " Stated foreign currency and must be local currencyMMR/QMR, etc: "As of Last Yr" figure for data coming from Ratios sheet was not displaying properlyFinReports(Unadj): Changed prorating messages for Balance Sheet and Portfolio ReportRatios: Changed data types from "flow" to "stock" for many ratios so that Reports would handle properlyMMR/QMR, etc: Changed "YTD Variance / Target (YTD)" column to only annualize flow variables, not stockMMR/QMR, etc: Modified to avoid large percentage variances when data is incomplete

FinReports(Unadj): Correct end-dates for 2nd and 3rd year for BS, CF, and NFD reports

AdjInput: Subsidized Cost of Funds calculation for True Performance was flawed for non-annual calcs

AdjInput: True Performance inflation adjustment was not calculating for "beginning balances" optionAdjInput: Redesigned True Performance subidized funds adjustment to use average YTD figuresAdjInput: Redesigned True Performance depreciation adjustment to use period figures

Correct loss allowance rate input cells for Year 3 / Quarterly Data; were not properly displayed

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Corrected SUMIF formula on R11 and R11Adj; was not summing all PAR aging categories

Correction to IMPORT to allow import from another same-version file and to prohibit import from FUTURE versions

Major new revisions and features throughout the model; refer to documentation for a complete list

Corrected "% Achieved" and "YTD Variance" columns for MMR, QMR, BoardRep, and DonorRep sheets

Ratios: Corrected R4Px Formulas; were not including fee income; only had interest income; also, avg gross portfolio figures were inconsistent

DataInput: correction to internal count-of-entries-in-column for "current year columns" to avoid showing negative figures on OutputMon for first incomplete monthRatios: Correct calculation of average loan amount in the by-product subaccount lines for R17Import process was not bringing in all data starting with imports made from 2.0; imports from earlier versions was working properly

Ratios(Mon): Correct calculation of average loan amount in the by-product subaccount lines for R17

Enabled translation dropdown; added note that spanish, french, and chinese translations are only 85% complete

Corrected some formulas for section A3 on AdjInput for fixed asset and equity values

Corrected minor formula error on OutputMon sheet for some values of I4, Fees and Commissions on Loan Portfolio.

Page 7: SEEP FRAME Tool 2.07

<--- Click the Enable VBA Events if you find that toolbars are not being updated; this means that Visual Basic Events are not enabled.

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NOTE: Branch model files will be larger if there are multiple branch sheets. Delete extra branch sheets BEFORE creating a model for distribution.

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0

0

0 Branch Model?

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Setup Sheet

Explanation:

Institutional Information

Name of InstitutionCountryType of Institution (NGO, Coop, etc.)Name of local currency (plural)

Margin of Error

Year for Current DataBeginning Month of Fiscal YearThis will be shown as: FY00

Data Frequency

FY00 -- Choose Data Frequency

FY99 -- Choose Data Frequency

FY98 -- Choose Data Frequency

FY97 -- Choose Data Frequency

FY96 -- Choose Data Frequency

Year-end conversion process

Enable Features

External Currency Conversions

First external currency (plural)Second external currency (plural)

Use this sheet to SETUP your FRAME Tool. Input basic information about your institution in the top section, then enable the optional features you want using the lower section.

Using the dropdown lists below, choose the data frequency for each year, starting with the Current Year. You may use different frequencies for different years. You may also choose to NOT enter data for one or more previous years. Columns will be displayed or hidden elsewhere in the tool based on your choices here.

You may change these options at any point without any loss in data.

At the end of the fiscal year, you may use the button below to shift all of your data by one year. The data for the oldest year will be lost in this process. Be sure to keep a copy of your original data file before beginning this process!

You may generate reports in one or two different external currencies. Type a currency name (e.g., Euros) in the cells below to enable this feature elsewhere in the FRAME tool.

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Cash Flow Method

Choice:

Analytical Adjustments

Choice: Check this box to enable the Analytical Adjustments Calculations

User-Defined Accounts

Choice: Enable user-defined sub-accounts

Forecasting for FY00:

Extended forecasting for FY01 - FY04:

Choice: Enable Benchmarking Features

Enable the gender ratios

Choice: Enable the gender ratios

The Framework Manual describes two approaches to generating a Cash Flow Statement -- the Direct Method and the Indirect Method. You may select your preferred method from the dropdown list below. You may also choose to turn off the cash flow statement sections of the tool, as the information in the cash flow is not used in the generation of the Financial Ratios.

You can switch between methods without any loss of data entered.

Check the box below to enable the "Financial Adjustments" calculations in the FRAME tool. If left unchecked, several sheets related to adjustments will be hidden from view as will the Adjusted Financial Ratios on the RATIOS sheet.

You can turn this feature on and off without any loss of data entered.

The FRAME tool includes two types of user-defined accounts. First, some line items in the Income Statement and Balance Sheet include the option to break down amounts into "sub-accounts". Second, the tool includes some empty lines that allow the user to add additional data points to track as well as define additional ratios.

You can turn this feature on and off without any loss of data entered.

Forecast, Variance and Benchmark Analysis

The FRAME Reports include the option of variance analysis calculations and benchmark comparisons. In order to use these you need to input forecasting and benchmarking information on the DataInput and Ratios sheets.

You can turn this feature on and off without any loss of data entered.

Click this box to enable the tracking of certain ratios by gender.

You can turn this feature on and off without any loss of data entered.

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Branch Aggregation Model

Choice: Enable Branch Aggregation Model Feature

Converting to Branch Model: Use the checkbox on the bottom of SETUP to create a branch model. Create a branch model BEFORE adding branch sheets.

Add Branch Sheet:

FRAME Import/Export Process

Internal Calculations Section

This feature allows FRAME to be configured to compile data for multiple branches (or regions) and then aggregate that data for aggregate totals. Each branch/region added to FRAME adds an additional sheet to this file.

Please read the manual CAREFULLY before proceeding. This is an ADVANCED feature and you should fully understand FRAME before proceding with this feature.

Click the left button below to create an FRAME Export Data File. This is a separate Excel workbook that will contain a single sheet listing all data entered into input cells throughout the FRAME Tool.

Click the right button below to import data from a FRAME Export Data File into the FRAME Tool you currently have open. Importing data into this FRAME Tool will delete and replace any existing data, so make a copy of this file if it contains useful information.

NOTE! Only VALUES are transfered using the Export/Import process. Any FORMULAS you created (eg, user-defined ratios) will not be transferred. Any customization of the reports will not be transferred. Be sure to carefully review your data after performing an Import.

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Yr1PerDivisor 12 Yr2PerDivisor 12 Yr3PerDivisor 12

2000 Year2005 1 Month2004 2,004 Bud Y5 FY042003 2,003 Bud Y4 FY032002 2,002 Bud Y3 FY022001 2,001 Bud Y2 FY012000 2,000 Current Year (bud) FY002000 2,000 Current Year FY001999 1,999 Previous Year FY991998 1,998 Penultimate Year FY981997 1,997 Annual Year 2 FY971996 1,996 Annual Year 1 FY96

Month Number 1

Control Lists

Enter monthly Monthly 1 Enter quarterly Quarterly 3 Enter annual d Annual 12 Don't enter dataNo Data

NOTE: These are in upside down order!FY96 1 Annual Year 1 (ann/OFF)FY97 1 Annual Year 2 (ann/OFF)FY98 1 Year 1 choice (mon/qtr/ann/OFF)FY99 1 Year 2 choice (mon/qtr/ann/OFF)FY00 1 Current Year choice (mon/qtr/ann)

2 Use beginning balances of net fixed assetsUse average balances of net fixed assetsUse end balances of net fixed assets

2 Net fixed assets inflation adjustment method choice

Use beginning balances of equityUse average balances of equityUse end balances of equity

2 Equity inflation adjustment method choice

The MFI has Impairment Loss Allowance policy in place that:Is adequate because it reflects true performanceIs not adequate because it does not reflect true performance

1 Impairment Loss allowance policy choice

Page 14: SEEP FRAME Tool 2.07

The MFI has Write-off policy in place that:Is adequate because it reflects true performanceIs not adequate because it does not reflect true performance

1 Write-off policy choice

True Perfo TruePerfBenchmarkBench

2 Adjust Method0 AdjustMethod Personnel Month Factor: 0 if bench, 1 if trueperf

Cash Flow OptionsUse Direct Cash Flow MethodUse Indirect Cash Flow MethodTurn off the Cash Flow Statement

1 CashFlowType

Enable Optional Breakdown of Portfolio at Risk (PAR)Disable Optional Breakdown of Portfolio at Risk (PAR)

2 EnabPARBreakdown

January January-00 Monthly Cutoff Dropdown choicesFebruary February-00

March March-00April April-00May May-00

June June-00July July-00

August August-00September September-00

October October-00November November-00December December-00

(Note: not needed on EXPORT)1 Adjusted Report Dropdown (Monthly list)1 Unadjust Report Dropdown

March March-00 Quarterly Cutoff Dropdown choicesJune June-00

September September-00December December-00

(Note: not needed on EXPORT)1 QtrFinal Report Dropdown1 Adjusted Report Dropdown (Quarter list)1 Unadjust Report Dropdown

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Margin of ErrorFlag as errors all differences in excess of 1 1 Flag as errors all differences in excess of 10 10 Flag as errors all differences in excess of 100 100 Flag as errors all differences in excess of 1,000 1,000 Flag as errors all differences in excess of 10,000 10,000

2 EnglishEspañol

User-Defined Language1 1

Enable Net Inflation Expense Line if MFI uses Inflation AccountingDisable Net Inflation Expense Line if MFI does not use Inflation Accounting

2

Control variables linked to objects or VBA controled0 0 EnabAdjust (linked to checkbox on SETUP)0 EnabBench (linked to checkbox on SETUP)0 EnabSubAcct (linked to checkbox on SETUP)0 EnabGender (linked to checkbox on SETUP)0 HideDefs (controled by VBA based on toolbar button)1 HideComments (controled by VBA based on toolbar button)0 ShowMnthRatios (linked to button on RATIOS)1 OpenGPMTWasRun (set by VBA)4 Year 1 Budgeting (1: mon, 2: qtr, 3: ann, 4: turn off)1 year 2-5 Budgeting (1: disabled)0 Enable Branch modeling

0 Enable BranchSheet summation0 Enable Branch Sheet model (hides SETUP, etc)

Name of Institution Our MFI (Enter name on SETUP)0 are projections enabled?

Français

Chinese -- 中文简体Arabic -- عربي

Page 16: SEEP FRAME Tool 2.07

Use this sheet to SETUP your FRAME Tool. Input basic information about your institution in the top section, then enable the optional features you want using the lower section.

Using the dropdown lists below, choose the data frequency for each year, starting with the Current Year. You may use different frequencies for different years. You may also choose to NOT enter data for one or more previous years. Columns will be displayed or hidden

You may change these options at any point without any loss in data.

At the end of the fiscal year, you may use the button below to shift all of your data by one year. The data for the oldest year will be lost in this process. Be sure to keep a copy of

You may generate reports in one or two different external currencies. Type a currency name (e.g., Euros) in the cells below to enable this feature elsewhere in the FRAME tool.

Page 17: SEEP FRAME Tool 2.07

Check this box to enable the Analytical Adjustments Calculations

The Framework Manual describes two approaches to generating a Cash Flow Statement -- the Direct Method and the Indirect Method. You may select your preferred method from the dropdown list below. You may also choose to turn off the cash flow statement sections of the tool, as the information in the cash flow is not used in the generation of the Financial

You can switch between methods without any loss of data entered.

Check the box below to enable the "Financial Adjustments" calculations in the FRAME tool. If left unchecked, several sheets related to adjustments will be hidden from view as will the

You can turn this feature on and off without any loss of data entered.

The FRAME tool includes two types of user-defined accounts. First, some line items in the Income Statement and Balance Sheet include the option to break down amounts into "sub-accounts". Second, the tool includes some empty lines that allow the user to add additional

You can turn this feature on and off without any loss of data entered.

The FRAME Reports include the option of variance analysis calculations and benchmark comparisons. In order to use these you need to input forecasting and benchmarking

You can turn this feature on and off without any loss of data entered.

Click this box to enable the tracking of certain ratios by gender.

You can turn this feature on and off without any loss of data entered.

Page 18: SEEP FRAME Tool 2.07

Use the checkbox on the bottom of SETUP to create a branch model. Create a branch model BEFORE adding branch sheets.

#VALUE! Number of branch sheets in this model

This feature allows FRAME to be configured to compile data for multiple branches (or regions) and then aggregate that data for aggregate totals. Each branch/region added to

Please read the manual CAREFULLY before proceeding. This is an ADVANCED feature and you should fully understand FRAME before proceding with this feature.

Click the left button below to create an FRAME Export Data File. This is a separate Excel workbook that will contain a single sheet listing all data entered into input cells throughout

Click the right button below to import data from a FRAME Export Data File into the FRAME Tool you currently have open. Importing data into this FRAME Tool will delete and replace any existing data, so make a copy of this file if it contains useful information.

NOTE! Only VALUES are transfered using the Export/Import process. Any FORMULAS you created (eg, user-defined ratios) will not be transferred. Any customization of the reports will not be transferred. Be sure to carefully review your data after performing an

Page 19: SEEP FRAME Tool 2.07

Dropdown list for future forecastingDo not enable forecasting beyond FY00 [not in use]Enable annual forecasting for FY01 FY01Enable annual forecasting for FY01 - FY02 FY01 - FY02Enable annual forecasting for FY01 - FY03 FY01 - FY03Enable annual forecasting for FY01 - FY04 FY01 - FY04

ERROR: You cannot choose 'no data' for FY99 if you have not also chosen 'no data' for FY98ERROR: You cannot choose 'no data' for FY98 if you have not also chosen 'no data' for FY97ERROR: You cannot choose 'no data' for FY97 if you have not also chosen 'no data' for FY96

NOTE: These are in upside down order!

Net fixed assets inflation adjustment method choice

The MFI has Impairment Loss Allowance policy in place that:Is adequate because it reflects true performanceIs not adequate because it does not reflect true performance

Page 20: SEEP FRAME Tool 2.07

Is adequate because it reflects true performanceIs not adequate because it does not reflect true performance

AdjustMethod Personnel Month Factor: 0 if bench, 1 if trueperf

Enable Optional Breakdown of Portfolio at Risk (PAR)Disable Optional Breakdown of Portfolio at Risk (PAR)

Monthly Cutoff Dropdown choices

Adjusted Report Dropdown (Monthly list)

Quarterly Cutoff Dropdown choices

Adjusted Report Dropdown (Quarter list)

Page 21: SEEP FRAME Tool 2.07

NOTE: Do NOT add more lines here… it will mess up the IMPORT!!!!

Enable Net Inflation Expense Line if MFI uses Inflation AccountingDisable Net Inflation Expense Line if MFI does not use Inflation Accounting

EnabAdjust (linked to checkbox on SETUP)

EnabSubAcct (linked to checkbox on SETUP)EnabGender (linked to checkbox on SETUP)HideDefs (controled by VBA based on toolbar button)HideComments (controled by VBA based on toolbar button)ShowMnthRatios (linked to button on RATIOS)

Year 1 Budgeting (1: mon, 2: qtr, 3: ann, 4: turn off)

Enable Branch Sheet model (hides SETUP, etc)

Page 22: SEEP FRAME Tool 2.07

Income Statement

I1 Financial RevenueI2 Financial Revenue from Loan PortfolioI3 Interest on Loan PortfolioI4 Fees and Commissions on Loan Portfolio

Enter Year-to-date totals for each category in local currency.

C1*

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Printed 04/08/2023 At 16:48:05 KASHF Page 23File Name: document.xls

Balance Sheet

AssetsB1 C26 C50 Cash and Due from Banks

B2 Trade Investments

B3 Net Loan Portfolio B4 - B5 0 0 0 0

B4 P4 Gross Loan Portfolio

B5 P5 Impairment Loss Allowance

B6 Interest Receivable on Loan Portfolio

B7 Accounts Receivable and Other Assets

B8 Other (Long-term) Investments

B9 Net Fixed Assets B10 + B11 0 0 0 0

B10 Fixed Assets

B11 Accumulated Depreciation and Amortization

B12 Total Assets 0 0 0 0

LiabilitiesB13 Demand Deposits

B14 Short-term Time Deposits

B15 Short-term Borrowings

B16 Interest Payable on Funding Liabilities

B17

B18 Long-term Time Deposits

B19 Long-term Borrowings

B20 Other Long-term Liabilities

B21 Total Liabilities The total value of all liability accounts. 0 0 0 0

EquityB22 Paid-In Capital

B23 Donated Equity B24 + B25 0 0 0 0

B24 Prior Years 0 0 0 0

B25 I28 C44* Current Year 0 0 0 0

B26 Retained Earnings B27 + B28 0 0 0 0

B27 Prior Years

B28 I27 Current Year 0 0 0 0

B29 Reserves

B30 Other Equity Accounts

B31 Adjustments to Equity

B32 Total Equity Total value of all equity accounts. 0 0 0 0

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. For MFIs that are banks, it may include very short (overnight, daily, weekly) money-market investments or treasuries.

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.

The (B4) Gross Loan Portfolio less the (B5) Impairment Loss Allowance.

All outstanding principal due 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. If the MFI makes loans to employees, board members, or others associated with the institution, it should disclose this and, if the amount is significant, create subaccounts to (B4) to separate loans to clients and loans to related parties.

Previously known as the loan loss allowance, the portion of the (B4) 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 losses on loans less the cumulative value of loans written off. Express this item as a contra asset account and state it as a negative number.

Interest receivable on the (B5) Gross Loan Portfolio net of any expense to reduce accrued interest if the collection of the accrued interest is considered uncertain (see I11).

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 interest receivable on non-funding liabilities such as mortgages.

Include investments that have a fixed maturity or payments that the MFI intents to hold to maturity. This item may include bonds or shares that the MFI plans to hold for 12 months or more or other financial assets available for sale but not considered loans, receivables, or (B2) Trade Investments.

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

The cost or value of all physical property and property improvements, furniture, and equipment that the MFI currently uses (including all donated equipment that the MFI owns). Fixed assets may also include other tangible assets, such as software. Intangible assets (those assets that have no physical properties but represent a future economic benefit to the MFI) may be included here if permitted by local accounting standards.

The sum of all depreciation expenses for (B10) Fixed Assets and the amortization of other tangible 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. Amortization of intangible assets may be included here if the practice is permitted by local accounting standards. This contra asset account is expressed as a negative number.

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

B1 + B2 + B3 + B6 + B7 + B8 + B9

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

Deposits mobilized from the general public and members that the MFI is liable to repay on a fixed date within 12 months of the statement date. 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.

The principal balance due within or at 12 months from the statement date 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 obligations payable within 12 months.

Interest accrued on liability accounts that fund financial operations, including (B13), (B14), (B15), (B18), and (B19). It does not include borrowing for purchasing or improving real estate or other fixed assets such as vehicles. This item is included in (B17).

Accounts Payable and Other Short-term Liabilities

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.

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

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 account should not include long-term funds for which no set repayment date exists, such as long-term subsidized loans from related companies or public agencies (see B20).

Other long-term liabilities due in more than 12 months, including long-term deferred revenue, pension liabilities, and liabilities that do not directly fund the financial operations of the MFI portfolio, such as mortgages on real estate and other loans for fixed asset purchases. Long-term concessional funding for which no repayment date is set or anticipated, but is not a grant, is also included in this account.

B13 + B14 + B15 + B16 + B17 + B18 + B19 + B20

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

The total value of all (I28) Donations received and recognized as revenue.

The cumulative value of (I28) Donations from prior fiscal years.

The value of (I28) Donations from the current fiscal year.

The total value of (I27) Net Income (After Taxes and Before Donations) from current and prior periods, net of any dividends paid to shareholders or members.

The cumulative value of (I27) Net Income (After Taxes and Before Donations) from prior periods, net of dividends paid to shareholders or members.

The value of (I27) Net Income (After Taxes and Before Donations) from the current fiscal year.

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

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.

Adjustments to the balance sheet to account for subsidized funds, in-kind subsidies, and inflation. For more information on Adjustments to Equity, see chapter 3.

B22 + B23 + B26 + B29 + B30 + B31

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Balance Sheet

AssetsB1 C26 Cash and Due from Banks 0 0 0 0 0

B2 Trade Investments 0 0 0 0

B3 Net Loan Portfolio B4 - B5 0 0 0 0

B4 P4 Gross Loan Portfolio 0 0 0 0 0

B5 P5 Impairment Loss Allowance 0 0 0 0 0

B6 Interest Receivable on Loan Portfolio 0 0 0 0

B7 Accounts Receivable and Other Assets 0 0 0 0

B8 Other (Long-term) Investments 0 0 0 0

B9 Net Fixed Assets B10 + B11 0 0 0 0 0

B10 Fixed Assets 0 0 0 0

B11 Accumulated Depreciation and Amortization 0 0 0 0

B12 Total Assets 0 0 0 0 0

LiabilitiesB13 Demand Deposits 0 0 0 0 0

B14 Short-term Time Deposits 0 0 0 0 0

B15 Short-term Borrowings 0 0 0 0 0

B16 Interest Payable on Funding Liabilities 0 0 0 0

B17 0 0 0 0

B18 Long-term Time Deposits 0 0 0 0 0

B19 Long-term Borrowings 0 0 0 0 0

B20 Other Long-term Liabilities 0 0 0 0

B21 Total Liabilities The total value of all liability accounts. 0 0 0 0 0

EquityB22 Paid-In Capital 0 0 0 0

B23 Donated Equity B24 + B25 0 0 0 0

B24 Prior Years 0 0 0 0 0

B25 I28 C44* Current Year 0 0 0 0

B26 Retained Earnings B27 + B28 0 0 0 0

B27 Prior Years 0 0 0 0

B28 I27 Current Year 0 0 0 0

B29 Reserves 0 0 0 0

B30 Other Equity Accounts 0 0 0 0

B31 Adjustments to Equity 0 0 0 0

B32 Total Equity Total value of all equity accounts. 0 0 0 0 0

C50 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. For MFIs that are banks, it may include very short (overnight, daily, weekly) money-market investments or treasuries.

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.

The (B4) Gross Loan Portfolio less the (B5) Impairment Loss Allowance.

All outstanding principal due 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. If the MFI makes loans to employees, board members, or others associated with the institution, it should disclose this and, if the amount is significant, create subaccounts to (B4) to separate loans to clients and loans to related parties.

Previously known as the loan loss allowance, the portion of the (B4) 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 losses on loans less the cumulative value of loans written off. Express this item as a contra asset account and state it as a negative number.

Interest receivable on the (B5) Gross Loan Portfolio net of any expense to reduce accrued interest if the collection of the accrued interest is considered uncertain (see I11).

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 interest receivable on non-funding liabilities such as mortgages.

Include investments that have a fixed maturity or payments that the MFI intents to hold to maturity. This item may include bonds or shares that the MFI plans to hold for 12 months or more or other financial assets available for sale but not considered loans, receivables, or (B2) Trade Investments.

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

The cost or value of all physical property and property improvements, furniture, and equipment that the MFI currently uses (including all donated equipment that the MFI owns). Fixed assets may also include other tangible assets, such as software. Intangible assets (those assets that have no physical properties but represent a future economic benefit to the MFI) may be included here if permitted by local accounting standards.

The sum of all depreciation expenses for (B10) Fixed Assets and the amortization of other tangible 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. Amortization of intangible assets may be included here if the practice is permitted by local accounting standards. This contra asset account is expressed as a negative number.

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

B1 + B2 + B3 + B6 + B7 + B8 + B9

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

Deposits mobilized from the general public and members that the MFI is liable to repay on a fixed date within 12 months of the statement date. 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.

The principal balance due within or at 12 months from the statement date 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 obligations payable within 12 months.

Interest accrued on liability accounts that fund financial operations, including (B13), (B14), (B15), (B18), and (B19). It does not include borrowing for purchasing or improving real estate or other fixed assets such as vehicles. This item is included in (B17).

Accounts Payable and Other Short-term Liabilities

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.

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

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 account should not include long-term funds for which no set repayment date exists, such as long-term subsidized loans from related companies or public agencies (see B20).

Other long-term liabilities due in more than 12 months, including long-term deferred revenue, pension liabilities, and liabilities that do not directly fund the financial operations of the MFI portfolio, such as mortgages on real estate and other loans for fixed asset purchases. Long-term concessional funding for which no repayment date is set or anticipated, but is not a grant, is also included in this account.

B13 + B14 + B15 + B16 + B17 + B18 + B19 + B20

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

The total value of all (I28) Donations received and recognized as revenue.

The cumulative value of (I28) Donations from prior fiscal years.

The value of (I28) Donations from the current fiscal year.

The total value of (I27) Net Income (After Taxes and Before Donations) from current and prior periods, net of any dividends paid to shareholders or members.

The cumulative value of (I27) Net Income (After Taxes and Before Donations) from prior periods, net of dividends paid to shareholders or members.

The value of (I27) Net Income (After Taxes and Before Donations) from the current fiscal year.

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

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.

Adjustments to the balance sheet to account for subsidized funds, in-kind subsidies, and inflation. For more information on Adjustments to Equity, see chapter 3.

B22 + B23 + B26 + B29 + B30 + B31

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Data Output Sheet - Unadjusted MONTHLY ValuesFY96 FY96 FY97 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12

Ref X-Ref Account Name Definition Calc Init Bals Dec-96 Dec-97 Jan-98 Feb-98 Mar-98 Apr-98 May-98 Jun-98 Jul-98 Aug-98 Sep-98 Oct-98 Nov-98 Dec-98 Jan-99 Feb-99 Mar-99 Apr-99 May-99 Jun-99 Jul-99 Aug-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00 Jul-00 Aug-00 Sep-00 Oct-00 Nov-00 Dec-00

Portfolio Data

Portfolio ActivityP1 Number of Loans Disbursed (Period) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P2 C9 C32 Value of Loans Disbursed (Period) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P3 Number of Loans Outstanding (EOP) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P4 B4 Value of Loans Outstanding (EOP) Same as the (B4) Gross Loan Portfolio. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Movement in Impairment Loss AllowanceP5[0] B5[0] Same as (B5) Impairment Loss Allowance. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P5[1] B5[1] 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P6 Number of Loans Written Off (Period) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P7 Value of Loans Written Off (Period) P4[avg] * R10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P8 I14 Provision for Loan Impairment (Period) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P10 I15 Value of Loans Recovered (Period) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Portfolio Aging Schedule FY96 FY97 FY98 FY98 FY98 FY99 FY99 FY99 FY00 FY00 FY00

From To

0 0 Current Portfolio

0 0 Renegotiated portfolio <= days

> 1 Renegotiated portfolio > 1 days

Number of: 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P11 Loans in Current Portfolio 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P15 Renegotiated loans <= days 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P15 Renegotiated loans > 1 days see P15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Value of Portfolio: 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P12 Loans in Current Portfolio 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P16 Renegotiated portfolio <= days 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P16 Renegotiated portfolio > 1 days see P16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P14 Total Portfolio at Risk greater than 0 days 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

P14 Total Portfolio at Risk greater than 0 days 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Impairment Loss Allowance: Same as (B5) Impairment Loss Allowance. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Current Portfolio See B5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Renegotiated loans <= days See B5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Renegotiated loans > 1 days See B5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

The number of all loans disbursed during the period. For MFIs using a group lending methodology, the number of loans should refer to the number of individuals receiving loans as part of a group or as part of a group loan. If one person receives more than one loan in the period, count each loan.

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

The number of loans in the (B4) Gross Loan Portfolio. For MFIs using a group lending methodology, the number of loans should refer to the number of individuals receiving loans as part of a group or as part of a group loan.

P11 + P13 + P15

P12 + P14 + P16

Impairment Loss Allowance, Beginning of Period

Impairment Loss Allowance, End of Period

The same as (B5) Impairment Loss Allowance for the End of the Period.

The number of loans that have been recognized as uncollectible for accounting purposes.

The value of loans that have been recognized as uncollectible for accounting purposes. A write-off is an accounting procedure that removes the outstanding balance of the loan from the (B4) Gross Loan Portfolio and (B5) Impairment Loss Allowance. Thus, the write-off does not affect the (B3) Net Loan Portfolio, (B12) Total Assets, or any equity account. If the Impairment Loss Allowance is insufficient to cover the amount written off, the excess amount will result in an additional Impairment Losses on Loans.

The same as (I14) Provision for Loan Impairment. This number is calculated by subtracting the beginning (P5[0])Impairment Loss Allowance from the required (P5[1]) Impairment Loss Allowance and adding the (P7) Value of Loans Written-off.

P5[1] - P5[0] + P7

Number of Loans in Recovery or Recovered (Period)

The number of loans previously written off that has been collected. This number includes loans paid in full and loans on which partial collection has been made in the past year.

Total value of principal recovered on all loans previously written off. This number includes partially recovered loans and those loans recovered in full. These recoveries are booked as part of (I15) Value of Loans Recovered

Aging Categories and Loss Allowance Rate

To the left, enter the portfolio aging ranges. The tool allows up to 10 ranges. To the right, enter the loss allowance rates for each portfolio aging range. You must enter rates in the first month column of each year of input.

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

Loss Allowance

Rate

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

The number of loans outstanding that do not have installments past due more than one day. This number does not include renegotiated loans.

The number of loans outstanding that have been either restructured to modify the original loan terms and repayment schedule or refinanced through the disbursement of subsequent loans to replace or pay off the original loans.

Number of Loans at Risk greater than 0 days

Enter a figure for number of days in the left-hand column that matches one of the aging categories above. This row will then total up the entire portfolio at risk greater than that number of days.

Number of Loans at Risk greater than 0 days

Enter a figure for number of days in the left-hand column that matches one of the aging categories above. This row will then total up the entire portfolio at risk greater than that number of days.

The outstanding value of loans that have no installments past due. This item includes no accrued interest on the loans.

The principal balance of all current and past-due loans that have been either restructured to modify the original loan terms and repayment schedule or refinanced through the disbursement of subsequent loans to replace or pay off the unpaid original loans.

Enter a figure for number of days in the left-hand column that matches one of the aging categories above. This row will then total up the entire portfolio at risk greater than that number of days.

Enter a figure for number of days in the left-hand column that matches one of the aging categories above. This row will then total up the entire portfolio at risk greater than that number of days.

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Adjustment Method

Adjustment Method Chosen

Summary of Adjustments

SubsidiesA1

A2 Adjustment for In-Kind Subsidy

True Performance Adjustments help reverse accounting policies that can present a distored picture of the MFI's performance. Some MFIs also operate with subsidies that may not be available in the long run. True performance adjustments can help simulate an MFI's performance under conditions similar to those of a commercially funded operation.

Benchmarking Adjustments create minimum standards for recognizing and managing credit, country, and operational risk in financial reporting. These adjustments enable managers and outside analysts to compare or benchmark an MFI's performance with other MFIs.

Adjustment for Subsidized Cost of Funds

The difference between an MFI's financial expense and the financial expense it would pay if all its funding liabilities were priced at market rates.

The difference between what the MFI is actually paying for a donated or subsidized good or service and what it would have to pay for the same good or service on the open market. Donors often give MFIs funds and also goods and services at no cost or at below-market cost. Common examples of these in-kind subsidies are computers, consulting services, free office space, and free services of a manager.

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Data Output Sheet- ADJUSTEDFY00 M3 M6 M9 M12

Ref X-Ref Account Name Definition Calc Init Bals Mar-00 Jun-00 Sep-00 Dec-00

Portfolio Data

Portfolio ActivityP1 Number of Loans Disbursed (YTD) 0 0 0 0

P2 C9 C32 Value of Loans Disbursed (YTD) 0 0 0 0

0 0 0 0

A5.2 Adjustment for Write-offs 0 0 0 0

P4 B4 Value of Loans Outstanding (EOP) Same as the (B4) Gross Loan Portfolio. 0 0 0 0

Movement in Impairment Loss AllowanceP5[0] B5[0] Same as (B5) Impairment Loss Allowance. 0 0 0 0

P5[1] B5[1] 0 0 0 0 0

P6 + A5.2 0 0 0 0

A5.2 Adjustment for Write-offs 0 0 0 0

P7 Value of Loans Written Off (YTD) P4[avg] * R10 0 0 0 0

0 0 0 0 P8 I14 Provision for Loan Impairment (YTD) 0 0 0 0

P9 0 0 0 0

P10 I15 Value of Loans Recovered (YTD) 0 0 0 0

Portfolio Aging Schedule FY00 FY00

From To

0 0 Current Portfolio

0 0 Renegotiated portfolio <= days

> 1 Renegotiated portfolio > 1 days

Number of: 0 0 0 0 P11 Loans in Current Portfolio 0 0 0 0

P15 Renegotiated loans <= days 0 0 0 0

P15 Renegotiated loans > 1 days see P15 0 0 0 0 Value of Portfolio: 0 0 0 0

P12 Loans in Current Portfolio 0 0 0 0

P16 Renegotiated portfolio <= days 0 0 0 0

P16 Renegotiated portfolio > 1 days see P16 0 0 0 0 Impairment Loss Allowance: Same as (B5) Impairment Loss Allowance. 0 0 0 0

Current Portfolio See B5 0 0 0 0 Renegotiated loans <= days See B5 0 0 0 0 Renegotiated loans > 1 days See B5 0 0 0 0

The number of all loans disbursed during the period. For MFIs using a group lending methodology, the number of loans should refer to the number of individuals receiving loans as part of a group or as part of a group loan. If one person receives more than one loan in the period, count each loan.

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

P3adj Number of Loans Outstanding (EOP) (adjusted)

The number of loans in the (B4) Gross Loan Portfolio. For MFIs using a group lending methodology, the number of loans should refer to the number of individuals receiving loans as part of a group or as part of a group loan.

P11 + P13 + P15 - A5.2

The adjustment is intended to identify loans on an MFI's books that, by any reasonable standard, should be written off. This adjustment can significantly reduce the value of an MFI's assets if persistent delinquent loans are not counted as part of the gross loan portfolio.

P12 + P14 + P16

Impairment Loss Allowance, Beginning of Period

Impairment Loss Allowance, End of Period

The same as (B5) Impairment Loss Allowance for the End of the Period.

P6adj Number of Loans Written Off (YTD) (adjusted)

The number of loans that have been recognized as uncollectible for accounting purposes.

The adjustment is intended to identify loans on an MFI's books that, by any reasonable standard, should be written off. This adjustment can significantly reduce the value of an MFI's assets if persistent delinquent loans are not counted as part of the gross loan portfolio.

The value of loans that have been recognized as uncollectible for accounting purposes. A write-off is an accounting procedure that removes the outstanding balance of the loan from the (B4) Gross Loan Portfolio and (B5) Impairment Loss Allowance. Thus, the write-off does not affect the (B3) Net Loan Portfolio, (B12) Total Assets, or any equity account. If the Impairment Loss Allowance is insufficient to cover the amount written off, the excess amount will result in an additional Impairment Losses on Loans.

The same as (I14) Provision for Loan Impairment. This number is calculated by subtracting the beginning (P5[0])Impairment Loss Allowance from the required (P5[1]) Impairment Loss Allowance and adding the (P7) Value of Loans Written-off.

P5[1] - P5[0] + P7

Number of Loans in Recovery or Recovered (YTD)

The number of loans previously written off that has been collected. This number includes loans paid in full and loans on which partial collection has been made in the past year.

Total value of principal recovered on all loans previously written off. This number includes partially recovered loans and those loans recovered in full. These recoveries are booked as part of (I15) Value of Loans Recovered

Aging Categories and Loss Allowance Rate

To the left, enter the portfolio aging ranges. The tool allows up to 10 ranges. To the right, enter the loss allowance rates for each portfolio aging range. You must enter rates in the first month column of each year of input.

Loss Allowance

Rate

Loss Allowance

Rate

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

To the left, enter the last day of the portfolio aging range. To the right, enter the corresponding loss allowance rate in the first month of each year of input.

The number of loans outstanding that do not have installments past due more than one day. This number does not include renegotiated loans.

The number of loans outstanding that have been either restructured to modify the original loan terms and repayment schedule or refinanced through the disbursement of subsequent loans to replace or pay off the original loans.

The outstanding value of loans that have no installments past due. This item includes no accrued interest on the loans.

The principal balance of all current and past-due loans that have been either restructured to modify the original loan terms and repayment schedule or refinanced through the disbursement of subsequent loans to replace or pay off the unpaid original loans.

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Financial Reports - UNADJUSTED

Our MFI (Enter name on SETUP)Balance Sheet for 31-Jan-2000All figures are inLocal Currency

Values as of: Values as of:

Ref Account Name 31-Jan-2000 31-Jan-1999

AssetsB1 C26 C50 Cash and Due from Banks 0 0 B2 Trade Investments 0 0 B3 Net Loan Portfolio 0 0 B4 P4 Gross Loan Portfolio 0 0 B5 P5 Impairment Loss Allowance 0 0 B6 Interest Receivable on Loan Portfolio 0 0 B7 Accounts Receivable and Other Assets 0 0 B8 Other (Long-term) Investments 0 0 B9 Net Fixed Assets 0 0 B10 Fixed Assets 0 0 B11 Accumulated Depreciation and Amortization 0 0

B12 Total Assets 0 0 Liabilities

B13 Demand Deposits 0 0 B14 Short-term Time Deposits 0 0 B15 Short-term Borrowings 0 0 B16 Interest Payable on Funding Liabilities 0 0 B17 0 0

B18 Long-term Time Deposits 0 0 B19 Long-term Borrowings 0 0 B20 Other Long-term Liabilities 0 0

B21 Total Liabilities 0 0 Equity

B22 Paid-In Capital 0 0 B23 Donated Equity 0 0 B24 Prior Years 0 0 B25 I28 C44* Current Year 0 0 B26 Retained Earnings 0 0 B27 Prior Years 0 0 B28 I27 Current Year 0 0 B29 Reserves 0 0 B30 Other Equity Accounts 0 0 B31 Adjustments to Equity 0 0

B32 Total Equity 0 0

X-Ref

Accounts Payable and Other Short-term Liabilities

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Our MFI (Enter name on SETUP)Income Statement for 01-Jan-2000 to 31-Jan-2000All figures are in [not in use]Adjustment Method Chosen: Benchmarking

Ref X-Ref Account Name Current Period Adjustments

I1 Financial Revenue 0 0 I2 Financial Revenue from Loan Portfolio 0 0 I3 Interest on Loan Portfolio 0 0 I4 Fees and Commissions on Loan Portfolio 0 0 I5 Financial Revenue from Investments 0 0 I6 Other Operating Revenue 0 0

I7 Financial Expense 0 0 0 I8 A1 Financial Expense on Funding Liabilities 0 0 0 I9 Interest and Fee Expense on Deposits 0 0 I10 Interest and Fee Expense on Borrowings 0 0 I11 A3 Other Financial Expense 0 0 0

I12 Net Financial Income 0 0 I13 Impairment Losses on Loans 0 0 0 I14 A4 Provision for Loan Impairment 0 0 0 I15 Value of Loans Recovered 0 0

I16 Operating Expense 0 0 0 I17adj A2.1 Personnel Expense 0 0 0 I18adj Administrative Expense 0 0 0 I19 A2.3 Depreciation and Amortization Expense 0 0 0 I20 A2.2 Other Administrative Expense 0 0 0

I21 Net Operating Income 0 0 I22 Net Non-Operating Income/(Expense) 0 0

I23 Non-Operating Revenue 0 0 I24 Non-Operating Expense 0 0

I25 0 0

I26 Taxes 0 0

I27 0 0

I28 Donations 0 0 I29 Donations for Loan Capital 0 0 I30 Donations for Operating Expenses 0 0

Adjusted Current Period

Net Income (Before Taxes and Donations)

Net Income (After Taxes and Before Donations)

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Ratios Sheet M3 M6 M9 M12Ref Account Name Definition Formula Calc Mar-00 Jun-00 Sep-00 Dec-00

Sustainability and ProfitabilityR1 Operational Self-Sufficiency (OSS)

Financial Revenue I1

N/A N/A N/A N/A

(I7+I13+I16)

R2 Return on Assets (ROA)*

Net Operating Income - Taxes (I21-I26)

N/A N/A N/A N/A

R3 Return on Equity (ROE)*

Net Operating Income - Taxes (I21-I26)

N/A N/A N/A N/A

Average Equity B32[avg]

Asset/Liability ManagementR4 Yield on Gross Portfolio*

C1* (or I2)

N/A N/A N/A N/A

Average Gross Loan Portfolio B4[avg]

R5 Portfolio to Assets

Gross Loan Portfolio B4

N/A N/A N/A N/A

Assets B12

R6 Cost of Funds Ratio*Financial Expenses on Funding Liabilities I8

N/A N/A N/A N/A

(Average Deposits + Average Borrowings)

R7 Debt to Equity

Liabilities B21

N/A N/A N/A N/A

Equity B32

R8 Liquid Ratio

Cash +Trade Investments B1+B2

N/A N/A N/A N/A

Portfolio QualityR9 Portfolio at Risk (PAR) Ratio N/A N/A N/A N/A

Gross Loan Portfolio B4

R10 Write-off Ratio*

Value of Loans Written-off P7

N/A N/A N/A N/A

Average Gross Loan Portfolio B4[avg]

R11 Risk Coverage Ratio

Impairment Loss Allowance -B5

N/A N/A N/A N/A

Efficiency and ProductivityR12 Operating Expense Ratio*

Operating Expense I16

N/A N/A N/A N/A

Average Gross Loan Portfolio B4[avg]

R13 Cost per Active Client*

Operating Expense I16

N/A N/A N/A N/A

Average Number of Active Clients N1[avg]

R14 Borrowers per Loan Officer

Number of Active Borrowers N3

N/A N/A N/A N/A

Number of Loan Officers N8

R15 Active Clients per Staff Member

Number of Active Clients N1

N/A N/A N/A N/A

Total Number of Personnel N7

R16 Client Turnover* N/A N/A N/A N/A

Average Number of Active Clients N1[avg]

R17 Average Outstanding Loan Size

Gross Loan Portfolio B4

N/A N/A N/A N/A

Number of Loans Outstanding P3

R18 Average Loan Disbursed

Value of Loans Disbursed P2

N/A N/A N/A N/A

Number of Loans Disbursed P1

User-defined RatiosNote: User-defined data has been disabled on the SETUP Sheet*If the period is less than 12 months, ratio is annualized

Measures how well an MFI can cover its costs through operating revenues. (Note that any taxes paid are excluded from this ratio.)

(Financial Expense + Impairment Losses on Loans + Operating Expense)

Measures how well the MFI uses its assets to generate returns. This ratio is net of taxes and excludes non-operating items and donations.

Average Assets B12avg

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.

Indicates the MFI's ability to generate cash from interest, fees, and commissions on the Gross Loan Portfolio. It does not include any revenues that have been accrued but not paid in cash.

The data comes from the Direct Cash Flow. If that Cash Flow is not used, then the figure is drawn from the Income Statement.

Cash Received from Interest, Fees and Commissions on Loan Portfolio

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, namely making microloans.

Calculates a blended interest rate for all of the MFI's funding liabilities.

(B13avg+B14avg+B15avg+B18avg+

B19avg

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

Indicates the degree to which the MFI maintains cash and cash equivalents 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.

(Demand Deposits+Short-term Time Deposits+Short-term Borrowings+Interest Payable on Funding Liabilities +Accounts Payable and Other Short-term Liabilities

(B13+B14+B15+B16+B17)

The most accepted measure of portfolio quality. The most common international measurements of PAR are > 30 days and > 90 days.

PAR > 30 Days +Value of Renegotiated Loans

P14 > 30 Days + P16

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 and it is recommended that managers calculate this ratio on an adjusted basis.

Shows how much of the portfolio at risk is covered by the MFI's Impairment Loss Allowance.

Portfolio at Risk > 30 days + Value of Renegotiated Loans

P14 > 30 Days + P16

Highlights personnel and administrative expenses relative to the loan portfolio, and is the most commonly used efficiency indicator.

Provides a meaningful measure of efficiency for an MFI, allowing it to determine the average cost of maintaining an active client.

Measures the average caseload of each loan officer, or average number of borrowers managed by one loan officer.

Defined as the overall productivity of the MFI's personnel in terms of managing clients, including borrowers, voluntary savers, and other clients.

Measures the percentage of clients who were at some time during the period accessing financial services but are no longer doing so. Generally MFIs try to maintain a low client turnover percentage.

Number of Active Clients, Beginning of Period + Number of New Clients During

Period - Number of Active Clients, End of Period N10+N2-N11

Measures the average outstanding loan balance per borrower. This is a driver of profitability and also a measure of how much of each loan is available to clients.

Measures the average value of each loan disbursed. This is frequently used to project disbursements. Both this and the previous are often compared to (N12) GNI Per Capita.

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Ratios Sheet -- MONTHLY Values stock/ M3 M6 M9 M12 M3 M6 M9 M12 M3 M6 M9 M12Ref Account Name flow Mar-98 Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Dec-99 Mar-00 Jun-00 Sep-00 Dec-00

Sustainability and ProfitabilityR1 Operational Self-Sufficiency (OSS) s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R2 Return on Assets (ROA)* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R3 Return on Equity (ROE)* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Asset/Liability ManagementR4 Yield on Gross Portfolio* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R5 Portfolio to Assets s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R6 Cost of Funds Ratio* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R7 Debt to Equity s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R8 Liquid Ratio s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Portfolio QualityR9 Portfolio at Risk (PAR) Ratio s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R10 Write-off Ratio* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R11 Risk Coverage Ratio s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Efficiency and ProductivityR12 Operating Expense Ratio* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R13 Cost per Active Client* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R14 Borrowers per Loan Officer s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R15 Active Clients per Staff Member s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R16 Client Turnover* s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R17 Average Outstanding Loan Size s N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

R18 Average Loan Disbursed f N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

User-defined RatiosNote: User-defined data has been disabled on the SETUP Sheet*If the period is less than 12 months, ratio is annualized

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Jan-95

Jan-96

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

Number of PersonnelReporting Period Figures

Actual

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Monthly Management ReportCurrent Year-to-

Plan for YTD% As of Annualized Trend

Monthly Management Report

Our MFI (Enter name on SETUP)Report for 31-Mar-2000All figures are in Local Currency

% Achieved Trend AnalysisCurrent Year-to-

Plan for YTD% As of Annualized Trend

Ref Title Period Date Achieved Last Yr (YTD) (YTD)

OutreachP1 Number of Loans Disbursed (YTD) 0 0 0 0 P2 Value of Loans Disbursed (YTD) 0 0 0 0 N3 Number of Active Borrowers N/A 0 0 0 N4 Number of Voluntary Depositors N/A 0 0 0

ProfitabilityI1 Financial Revenue 0 0 0 0 I21 Net Operating Income 0 0 0 0

Portfolio QualityP14 Total Portfolio at Risk greater than 0 days N/A 0 0 0

P13 N/A 0 0 0

R9 Portfolio at Risk (PAR) Ratio N/A N/A N/A N/A N/AR10 Write-off Ratio* N/A N/A N/A N/A N/A

Asset/Liability ManagementB4 Gross Loan Portfolio N/A 0 0 0 R4 Yield on Gross Portfolio* N/A N/A N/A N/A N/A

Total Deposits #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

LiquidityB1 Cash and Due from Banks N/A 0 0 0 C23 Net Change in Cash and Due from Banks 0 0 0 0

R8 Liquid Ratio N/A N/A N/A N/A N/A

Efficiency and ProductivityI16 Operating Expense 0 0 0 0 R12 Operating Expense Ratio* N/A N/A N/A N/A N/AR17 Average Outstanding Loan Size N/A N/A N/A N/A N/A

Note: An "NA" figure in the "Current Period" column means the value cannot be calculated because it is a "stock" figure rather than a "flow" figure

Number of Loans at Risk greater than 0 days

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Our MFI (Enter name on SETUP)Income Statement for 01-Jan-2000 to 31-Jan-2000All figures are in NOTE: Analytical Adjustments have NOT been enabled in this tool. Adjustments column does NOT show any adjusted values.

Current Qtr As % of I1From / To From / To From / To (Financial1-Nov-99 1-Jan-00 1-Jan-00 Revenue)

Ref X-Ref Account Name 31-Jan-00 31-Jan-00 31-Jan-00

I1 Financial Revenue 0 0 0 N/AI2 C1* Financial Revenue from Loan Portfolio 0 0 0 N/AI3 Interest on Loan Portfolio 0 0 0 N/AI4 Fees and Commissions on Loan Portfolio 0 0 0 N/A

I5 C2* Financial Revenue from Investments 0 0 0 N/AI6 C3* Other Operating Revenue 0 0 0 N/A

I7 Financial Expense 0 0 0 N/AI8 C5* Financial Expense on Funding Liabilities 0 0 0 N/A

I9 Interest and Fee Expense on Deposits 0 0 0 N/AI10 Interest and Fee Expense on Borrowings 0 0 0 N/A

I11 C6* Other Financial Expense 0 0 0 N/A

I12 Net Financial Income 0 0 0 N/AI13 C29 Impairment Losses on Loans 0 0 0 N/AI14 P8 Provision for Loan Impairment 0 0 0 N/AI15 P10 Value of Loans Recovered 0 0 0 N/A

I16 C7 Operating Expense 0 0 0 N/AI17 Personnel Expense 0 0 0 N/AI18 Administrative Expense 0 0 0 N/AI19 C28 Depreciation and Amortization Expense 0 0 0 N/AI20 Other Administrative Expense 0 0 0 N/A

I21 Net Operating Income 0 0 0 N/AI22 C22* C46 0 0 0 N/A

I23 Non-Operating Revenue 0 0 0 N/AI24 Non-Operating Expense 0 0 0 N/A

I25 C27 0 0 0 N/A

I26 C8* C30* Taxes 0 0 0 N/A

I27 B28 0 0 0 N/A

I28 B25 C44* Donations 0 0 0 N/AI29 Donations for Loan Capital 0 0 0 N/AI30 Donations for Operating Expenses 0 0 0 N/A

I31 0 0 0 N/A

Year-To-Date

YTD (Adjusted)

Net Non-Operating Income/(Expense)

Net Income (Before Taxes and Donations)

Net Income (After Taxes and Before Donations)

Net Income (After Taxes and Donations)

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Quarterly Management ReportYear-to-

Plan for YTD% Target Variance As of Annualized Trend Bench-

Our MFI (Enter name on SETUP)Report for 31-May-2000All figures are in Local Currency

% Achieved YTD Variance Trend AnalysisYear-to-

Plan for YTD% Target Variance As of Annualized Trend Bench-

Ref Title Date Achieved (YTD) (YTD) Last Yr (YTD) (YTD) mark

Outreach and ActivityN1 Number of Active Clients 0 0 0 0 N3 Number of Active Borrowers 0 0 0 0 N5 Number of Deposit Accounts 0 0 0 0 P1 Number of Loans Disbursed (YTD) 0 0 0 0 P2 Value of Loans Disbursed (YTD) 0 0 0 0 N7 Number of Personnel 0 0 0 0 N8 Number of Loan Officers 0 0 0 0

ProfitabilityI1 Financial Revenue 0 0 0 0I21 Net Operating Income 0 0 0 0 R1 Operational Self-Sufficiency (OSS) N/A N/A N/A N/AR1ADJ Financial Self-Sufficiency (FSS) N/A N/A N/A N/AR2 Return on Assets (ROA)* N/A N/A N/A N/AR2ADJ Adjusted Return on Assets (AROA)* N/A N/A N/A N/AR3 Return on Equity (ROE)* N/A N/A N/A N/AR3ADJ Adjusted Return on Equity (AROE)* N/A N/A N/A N/A

Portfolio QualityI13 Impairment Losses on Loans 0 0 0 0 R10 Write-off Ratio* N/A N/A N/A N/AR10ADJ Adjusted Write-off Ratio* N/A N/A N/A N/AR11 Risk Coverage Ratio N/A N/A N/A N/AR11ADJ Adjusted Risk Coverage Ratio N/A N/A N/A N/A

Asset/Liability ManagementB4 Gross Loan Portfolio 0 0 0 0 R5 Portfolio to Assets N/A N/A N/A N/A

Total Deposits #VALUE! #VALUE! #VALUE! #VALUE!R4 Yield on Gross Portfolio* N/A N/A N/A N/AR6 Cost of Funds Ratio* N/A N/A N/A N/AR6ADJ Adjusted Cost of Funds* N/A N/A N/A N/AR7 Debt to Equity N/A N/A N/A N/AR7ADJ Adjusted Debt to Equity N/A N/A N/A N/A

LiquidityB1 Cash and Due from Banks 0 0 0 0 C23 Net Change in Cash and Due from Banks 0 0 0 0

R8 Liquid Ratio N/A N/A N/A N/AR13 Cost per Active Client* N/A N/A N/A N/A

Efficiency and ProductivityI16 Operating Expense 0 0 0 0.0%R12 Operating Expense Ratio* N/A N/A N/A N/AR12ADJ Adjusted Operating Expense Ratio* N/A N/A N/A N/AR13 Cost per Active Client* N/A N/A N/A N/AR13ADJ Adjusted Cost per Active Client* N/A N/A N/A N/AR14 Borrowers per Loan Officer N/A N/A N/A N/AR15 Active Clients per Staff Member N/A N/A N/A N/AR16 Client Turnover* N/A N/A N/A N/AR17 Average Outstanding Loan Size N/A N/A N/A N/AR18 Average Loan Disbursed N/A N/A N/A N/A

Quarterly Management Report

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Board ReportCurrent Year-to-

Plan for YTD% Target Variance As of Annualized Trend Bench-

Board Report

Our MFI (Enter name on SETUP)Report for 31-Jul-2000All figures are in Local Currency

% Achieved YTD Variance Trend AnalysisCurrent Year-to-

Plan for YTD% Target Variance As of Annualized Trend Bench-

Ref Title Period Date Achieved (YTD) (YTD) Last Yr (YTD) (YTD) mark

Outreach and ActivityN1 Number of Active Clients N/A 0 0 0 0

ProfitabilityI21 Net Operating Income 0 0 0 0 0R1 Operational Self-Sufficiency (OSS) N/A N/A N/A N/A N/AR1ADJ Financial Self-Sufficiency (FSS) N/A N/A N/A N/A N/AR2 Return on Assets (ROA)* N/A N/A N/A N/A N/AR2ADJ Adjusted Return on Assets (AROA)* N/A N/A N/A N/A N/A

Portfolio QualityR9 Portfolio at Risk (PAR) Ratio N/A N/A N/A N/A N/AR9ADJ Adjusted PAR Ratio N/A N/A N/A N/A N/AR10 Write-off Ratio* N/A N/A N/A N/A N/AR10ADJ Adjusted Write-off Ratio* N/A N/A N/A N/A N/A

Asset/Liability ManagementB4 Gross Loan Portfolio N/A 0 0 0 0 R7 Debt to Equity N/A N/A N/A N/A N/A

Efficiency and ProductivityR12 Operating Expense Ratio* N/A N/A N/A N/A N/AR12a Personnel Expense Ratio* N/A N/A N/A N/A N/AR12ADJ Adjusted Operating Expense Ratio* N/A N/A N/A N/A N/AR17 Average Outstanding Loan Size N/A N/A N/A N/A N/AR17ADJ Adjusted Average Outstanding Loan Size N/A N/A N/A N/A N/A

Note: An "NA" figure in the "Current Period" column means the value cannot be calculated because it is a "stock" figure rather than a "flow" figure

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Donor ReportCurrent Year-to-

Donor Report

Our MFI (Enter name on SETUP)Report for 31-May-2000All figures are in Local Currency

Current Year-to-Ref Title Period Date

Economic InformationN11 N/A 0

N12 GNI per capita N/A 0

OutreachN1 Number of Active Clients N/A 0R17 Average Outstanding Loan Size N/A N/A

Average Outstanding Loan Size () N/A N/AN/A N/A

Portfolio QualityR9 Portfolio at Risk (PAR) Ratio N/A N/AR10 Write-off Ratio* N/A N/A

ProfitabilityR1 Operational Self-Sufficiency (OSS) N/A N/AR2 Return on Assets (ROA)* N/A N/AR3 Return on Equity (ROE)* N/A N/A

EfficiencyR12 Operating Expense Ratio* N/A N/AR13 Cost per Active Client* N/A N/A

Note: An "NA" figure in the "Current Period" column means the value cannot be calculated because it is a "stock" figure rather than a "flow" figure

Exchange Rate (You must first identify the currency on the SETUP sheet)

Average Outstanding Loan Size / GNI per capita

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Ratios Variance Analysis

Period: 12 months 12 monthsStart Date: 1-Jan-2000 1-Jan-2000 Variance VarianceEnd Date: 31-Dec-2000 31-Dec-2000 % Actual

Ref X-Ref Account Name Actual Actual

Quarterly DataR1 Operational Self-Sufficiency (OSS) N/A N/A N/A** N/AR2 Return on Assets (ROA)* N/A N/A N/A** N/AR3 Return on Equity (ROE)* N/A N/A N/A** N/A

Asset/Liability ManagementR4 Yield on Gross Portfolio* N/A N/A N/A** N/AR5 Portfolio to Assets N/A N/A N/A** N/AR6 Cost of Funds Ratio* N/A N/A N/A** N/AR7 Debt to Equity N/A N/A N/A** N/AR8 Liquid Ratio N/A N/A N/A** N/A

Portfolio QualityR9 Portfolio at Risk (PAR) Ratio N/A N/A N/A** N/AR10 Write-off Ratio* N/A N/A N/A** N/AR11 Risk Coverage Ratio N/A N/A N/A** N/A

Efficiency and ProductivityR12 Operating Expense Ratio* N/A N/A N/A** N/AR13 Cost per Active Client* N/A N/A N/A N/AR14 Borrowers per Loan Officer N/A N/A N/A N/AR15 Active Clients per Staff Member N/A N/A N/A N/AR16 Client Turnover* N/A N/A N/A** N/AR17 Average Outstanding Loan Size N/A N/A N/A N/AR18 Average Loan Disbursed N/A N/A N/A N/A*If the period is less than 12 months, ratio is annualized

** NA symbols marked by an asterisk are not calculated because it is inappropriate to calculate variances as percentages of percentages.

Page 39: SEEP FRAME Tool 2.07

References to Manual

Table Description

Chapter 2: Financial Statements and Reports2.1 Sample Income Statement2.2 Income Statement Detail

2.3 Sample Balance Sheet2.4 Balance Sheet Detail

2.5

2.6

2.7 Direct Cash Flow Statement Detail

2.8

2.9 Indirect Cash Flow Statement Detail

2.10 Sample Portfolio Report2.11 Portfolio Report Detail

2.12 Sample Non-Financial Data Report

2.13 Non-Financial Data Report Detail

Chapter 3: Analytical Adjustments3.1 Summary of Adjustments3.2

3.3

3.4

3.5

This chart lists all the tables from the SEEP Manual and indicates if that information has been incorporated into this tool. If so, you can use the hyperlink to jump to the relevant section of the tool.

Classification of Cash Receipts and Payments

Sample Direct Cash Flow Statement

Sample Indirect Cash Flow Statement

Differences in Subsidized Cost of Fund Adjustment Methodologies

Sample Subsidized Cost of Funds Adjustment for Benchmarking

Differences in the In-Kind Subsidy Adjustment Methodologies

Sample In-Kind Subsidy Adjustment for Benchmarking

Page 40: SEEP FRAME Tool 2.07

3.6

3.7 Inflation Adjustment3.8

3.9

3.10

3.11

3.12 Adjusted Income Statement3.13 Adjusted Balance Sheet3.14 Sample Disclosure for Adjustments

Chapter 4: Financial Ratios and Indicators4.1 Summary of 18 SEEP Ratios4.2 Calculation of the SEEP 18

Chapter 5: Creating and Analyzing Performance Monitoring Reports5.1

5.2

5.3

5.4

5.5

5.6

5.6 Sample Reporting Checklist

Differences in Inflation Adjustment Methodologies

Differences in Impairment Loss Allowance Adjustment Methodologies

Adjustment for Impairment Loss Allowance

Adjustment for Write-Offs for Benchmarking

Summary of the Effects of Adjustments

Sample Monthly Management Report

Sample Quarterly Income Statement with Revenue Analysis

Sample Quarterly Balance Sheet with Asset Allocation Analysis

Sample Quarterly Management Report

Sample Quarterly or Semi-Annual Board Report

Sample CGAP Semi-Annual Donor, Creditor, Investor Report

Page 41: SEEP FRAME Tool 2.07

References to Manual

Included in Tool?

Chapter 2: Financial Statements and ReportsYes, major format incorporated on FinReports(Unadj)

Yes, major format incorporated on FinReports(Unadj)

No

Yes, major format incorporated on FinReports(Unadj)

Yes, major format incorporated on FinReports(Unadj)

Yes, major format incorporated on FinReports(Unadj)

Yes, major format incorporated on FinReports(Unadj)

Chapter 3: Analytical AdjustmentsYes, at the top of the AdjInput sheetNo

Yes, included as a calculation section on the AdjInput sheet

No

Yes, included as a calculation section on the AdjInput sheet

This chart lists all the tables from the SEEP Manual and indicates if that information has been incorporated into this tool. If so, you can use the hyperlink to jump to the relevant section of the tool.

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Definitions appear in definitions column on DataInput, Output(Unadj) and Output(Adj)

Page 42: SEEP FRAME Tool 2.07

No

Yes, included as a calculation section on the AdjInput sheetNo

Yes, included as a calculation section on the AdjInput sheet

Yes, included as a calculation section on the AdjInput sheet

No

Yes, a major format on FinReports(Adj)Yes, a major format on FinReports(Adj)No

Chapter 4: Financial Ratios and IndicatorsYes, a major format on RatiosYes, a major format on Ratios

Chapter 5: Creating and Analyzing Performance Monitoring Reports

Yes, a major format

Yes, a major format

No

Yes, a major format. The content of this report may be customized by the user. The sheet may also be replicated to create additional customized reports.

Yes, a major format. The content of this report may be customized by the user. The sheet may also be replicated to create additional customized reports.

Yes, a major format. The content of this report may be customized by the user. The sheet may also be replicated to create additional customized reports.

Yes, a major format. The content of this report may be customized by the user. The sheet may also be replicated to create additional customized reports.

Page 43: SEEP FRAME Tool 2.07

User-Defined SheetThis sheet is completely unprotected and you may use it as you would any worksheet in Excel. You may create your own reports by making formulas that reference information elsewhere in this tool. You may use the buttons on the toolbar to add more user sheets, rename user sheets, or delete user sheets.