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Financial Performance |
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Micro-Credit Ratings International Ltd (M-CRIL) recently gave CREDIT an A- rating
for financial performance. M-CRIL commented on the "excellent capital
adequacy, good performance on profitability and sustainability and good
porfolio quality."
For more information, please see the entire M-CRIL rating report below...
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| Balance Sheet
(in US$)
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Year 2007 |
Year 2006 |
Year 2005 |
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Gross Loan Outstanding |
10,216,909 |
4,622,003 |
2,576,065 |
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Total Assets |
11,410,017 |
5,578,304 |
2,933,624 |
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Total Liabilities |
8,100,816 |
2,966,054 |
806,687 |
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Total Equity |
3,309,201 |
2,612,250 |
2,126,937 |
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| Profit and Loss Statement (In US$)
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Year 2007 |
Year 2006 |
Year 2005 |
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Total Financial Income |
2,226,616 |
1,147,693 |
827,400 |
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| Total Financial Cost |
442,903 |
114,192 |
28,511 |
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| Gross Financial Margin |
1,783,713 |
1,033,501 |
789,889 |
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| Provision for Loan Losses |
0 |
43,246 |
88,500 |
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| Net Financial Margin |
1,783,713 |
990,255 |
710,389 |
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| Operating Expenses |
1,135,803 |
766,454 |
653,107 |
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| Net Operations (Loss)/Income before Tax |
647,910 |
223,801 |
57,282 |
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| Income Tax Expense |
164,815 |
61,699 |
23,862 |
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| Net Operations (Loss)/Income after Tax |
483,095 |
162,102 |
33,420 |
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| Grant Income |
159,532 |
87,828 |
61,698 |
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| Net (Loss)/ Income |
642,627 |
249,930 |
95,118 |
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