156 BUSINESS PLANNING AND FINANCIAL MODELING FOR MICROFINANCE INSTITUTIONS: A HANDBOOK Note 1. The Excel 97 Auto Recalculation Patch is included in international versions of the SR-1 patch. So if you have installed an international version of the Office 97 SR-1 Patch, you do not need to install the Excel 97 Auto Recalculation Patch. This annex contains printouts of all the major elements of the Excel workbook. These printouts should be used in conjunction with the model to see how the pieces of the model fit together. They can often provide a clearer picture than the small portion of the model that can be viewed on a computer monitor. Information on the screen can differ substantially from the content of these printouts because of the configuration options in Microfin, however. For exam- ple, large sections of the model are hidden for unused loan and savings products, the choice of projection mode (consolidated, branch-level, or regional) affects the nomenclature and structure of the pages, and selecting detailed analysis of cash flow will display several sections that are normally hidden. The printouts are divided into sections by major topic; each section is pre- ceded by a page describing the information it contains. The sections are as fol- lows (with the page numbers in parentheses): • Overview and introductory material (p. 159) • Products and services (p. 167) • Program or branch office analysis (p. 171) • Administrative or head office analysis (p. 185) • Financing (p. 201) • Financial statements and analysis (p. 207). ANNEX 2 Printouts from Microfin 157 [...]... 173 137 69 27 6 3 48 122 226 73 78 47 16 12 350 124 226 73 78 47 16 12 352 126 226 73 78 47 16 12 352 1 08 244 82 82 50 18 12 355 111 244 82 82 50 18 12 355 111 244 82 82 50 18 12 631 141 490 192 1 48 120 18 12 634 142 492 194 1 48 120 18 12 688 194 494 196 1 48 120 18 12 751 214 537 179 156 124 55 23 7 58 2 18 540 182 156 124 55 23 763 223 540 182 156 124 55 23 3,600 1, 188 1, 188 720 288 144 72 3,672 1,219... and subsequent cycles Less long-term loan loss 70,462 72,000 0 0 0 0 0 0 (1,5 38) 76,671 66,462 2,033 2,433 3,900 2, 089 88 9 550 (1, 685 ) 83 ,007 60,923 4,116 4 ,88 6 7 ,83 1 4,194 1, 785 1,104 (1 ,83 4) 89 ,471 55, 385 6,250 7,3 58 11,794 6,317 2, 688 1,663 (1, 984 ) 96, 480 49 ,84 6 8, 094 10,1 58 15,992 8, 593 3,712 2,226 (2,141) 103,640 44,3 08 10,003 12,979 20,225 10 ,88 7 4,744 2,794 (2,300) 110,901 38, 769 11,9 28 15 ,82 3... are set on the Institutional Capacity page NOTE: Input monthly expense amounts in this section 0. 08 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 450 150 1,300 640 50 207 2,797 6.5% 450 150 1,300 645 50 2 08 2 ,80 3 6.4% 450 150 1,300 650 51 2 08 2 ,80 9 6.4% 450 150 1,300 655 51 209 2 ,81 5 6.4% 450 150 1,300 661 52 209 2 ,82 1 6.5% 450 150 1,200 624 52 1 98 2,674 6.4% 450 150 1,200 629 52 199 2, 680 5 .8% 900 300 1,900... 3 48 122 226 3,672 33% 350 124 226 3,745 33% 352 126 226 3 ,82 1 34% 352 1 08 244 3 ,89 6 33% 355 111 244 3,975 33% 355 111 244 4,054 33% 631 141 490 4,135 31% 634 142 492 4,2 18 28% 688 194 494 4,353 27% 751 214 537 4,492 26% 7 58 2 18 540 4,636 26% 763 223 540 4, 784 26% 83 ,600 70,462 0 0 517,1 38 141 240 2 38 513,047 84 ,4 68 76,671 0 0 524,936 140 241 2 38 516,663 85 ,345 83 ,007 0 0 527,274 1 38 242 237 514 ,85 9 89 ,5 08. .. table as a worksheet to experiment with different loan terms and retention rates 2 2 2 2 2 70% 70% 70% 50% 50% 80 % 85 % 85 % 70% 70% 80 % 85 % 85 % 70% 70% 80 % 85 % 85 % 70% 70% 80 % 85 % 85 % 70% 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 90% 90% 90% 80 % 70% 11,961 NOTE: These figures are drawn from the Loan... 33% 33% 31% 28% 27% 26% 26% 26% Portfolio Activity Loan Disbursements * First cycle Second cycle Third cycle Fourth cycle Fifth cycle Sixth and subsequent cycles 83 ,600 12,200 14,600 23,400 18, 800 8, 000 6,600 84 ,4 68 12,499 14,716 23, 587 18, 950 8, 064 6,653 85 ,345 12 ,80 2 14 ,83 4 23,775 19,101 8, 1 28 6,706 89 ,5 08 11,060 16,795 25,193 20, 482 9,217 6,759 90,531 11,4 58 16,929 25,394 20,646 9,291 6 ,81 3 91,253... 5 5 5 Senior level 8 8 8 8 8 8 12 12 9 9 8 8 8 Number of Loan Officers * 13 13 13 13 13 13 12 12 19 19 21 21 21 Analysis 11 .8 11 .8 12.0 12.0 14.0 14.0 14.5 14.5 14.5 FTE Loan Officers (calculated) 11 .8 11 .8 11 .8 11 .8 11.6 11 .8 12.1 12.4 12 .8 13.2 13.7 14.1 14.6 FTE (targeted from calculation above) 10.9 11.1 11.4 0.2 (0.1) (0.1) (0.4) 1.2 0 .8 0 .8 0.4 (0.1) Shortfall or excess 0 .8 0.6 0.4 Capacity... 1,170 743 313 149 78 3,745 1,251 1,152 766 3 38 154 84 3 ,82 1 1, 286 1,134 789 363 159 90 3 ,89 6 1,302 1,125 81 6 391 166 96 3,975 1,322 1,116 84 3 419 173 102 4,054 1,342 1,107 87 0 447 180 1 08 4,135 1,269 1,135 88 5 545 187 114 4,2 18 1,196 1,165 900 643 194 120 4,353 1,173 1,197 915 741 201 126 4,492 1, 187 1,203 934 796 229 143 4,636 1,203 1,212 953 85 1 257 160 4, 784 1,223 1,221 972 906 285 177 33% 33% Number... 775,744 167 2 78 255 710 ,84 5 213,076 165,615 0 (14,406) 80 8,799 169 279 254 735,271 176 PROGRAM/BRANCH PAGE # Initial Balance 1 Jan- 98 2 Feb- 98 3 Mar- 98 4 Apr- 98 5 May- 98 6 Jun- 98 7 Jul- 98 8 Aug- 98 9 Sep- 98 10 Oct- 98 11 Nov- 98 12 Dec- 98 Loan Product Output Section Note: When "demand" is projected as falling in the input section above, actual numbers of borrowers may exceed input numbers until outstanding loans... cycle Sixth and subsequent cycles First loans as % of active loans 527,274 527,274 0 0 0 0.4% 527,311 527,311 0 0 0 0.0% 521,362 521,362 0 0 0 -1.1% 500,069 500,069 0 0 0 -4.1% 557,502 557,502 0 0 0 11.5% 606 ,84 5 606 ,84 5 0 0 0 8. 9% 653,227 653,227 0 0 0 7.6% 7 18, 824 7 18, 824 0 0 0 10.0% 775,744 775,744 0 0 0 7.9% 80 8,799 80 8,799 0 0 0 4.3% 84 ,4 68 76,671 350 33% 85 ,345 83 ,007 352 34% 89 ,5 08 89,471 352 . Monthly/Quarterly equivalent 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% 0 .8% Inflation index 100.00 100 .80 101.60 102.41 103.23 104.05 104 .88 105.72 106.56 107.41 1 08. 27 109.13 110.00 Avg. starting Fiscal Year 19 98 This will appear as FY 98 Inflation Data Initial 123456 789 101112 # Balance Jan- 98 Feb- 98 Mar- 98 Apr- 98 May- 98 Jun- 98 Jul- 98 Aug- 98 Sep- 98 Oct- 98 Nov- 98 Dec- 98 Inflation rate. Balance Jan- 98 Feb- 98 Mar- 98 Apr- 98 May- 98 Jun- 98 Jul- 98 Aug- 98 Sep- 98 Oct- 98 Nov- 98 Dec- 98 Product Definition Page This page is used to define the number of active financial products and the parameters of