| Metric | Budget | Actual | Variance |
|---|
| Revenue (GHS M) |
41.7 |
36.0 |
-13.6% |
| Disbursements (GHS M) |
338.1 |
255.1 |
-24.5% |
| Loanbook EOM (GHS M) |
550.9 |
468.2 |
-15.0% |
| Principal Repaid (GHS M) |
327.3 |
235.3 |
-28.1% |
| Write-offs (GHS M) |
18.8 |
15.6 |
-17.0% |
|
| L0 Customers |
26,026 |
19,138 |
-26.5% |
| Loans Disbursed |
173,676 |
131,715 |
-24.2% |
| Avg Loan Size (GHS) |
1,947 |
1,937 |
-0.5% |
|
| NPL 30+ |
14.7% |
15.4% |
+0.7pp |
| NPL 90+ |
6.6% |
8.4% |
+1.8pp |
Marketing Spend (USD)
| Platform | Spend |
|---|
| ◈ Meta |
$11,851 |
| ▣ Google |
$77,199 |
| Total |
$89,049 |
- L0 26% below target: 19,138 new customers vs 26,026 planned. Check marketing funnel and approval rates.
- Disbursements 25% below: Driven by fewer loans (-24%).
- Loanbook 15% below: Driven by disbursement shortfall, write-offs below plan.
- Revenue 14% below: Yield is stronger than budget (14.1% vs 12.3%) — partially offsetting the volume gap.
| Metric | Budget | Actual | Variance |
|---|
| Revenue (UGX B) |
0.5 |
0.3 |
-31.7% |
| Disbursements (UGX B) |
4.6 |
2.9 |
-37.0% |
| Loanbook EOM (UGX B) |
7.4 |
6.7 |
-10.4% |
| Principal Repaid (UGX B) |
4.4 |
2.6 |
-40.9% |
| Write-offs (UGX B) |
0.3 |
0.5 |
+75.7% |
|
| L0 Customers |
3,928 |
2,708 |
-31.1% |
| Loans Disbursed |
13,461 |
11,434 |
-15.1% |
| Avg Loan Size (UGX) |
343,704 |
254,871 |
-25.8% |
|
| NPL 30+ |
26.6% |
41.3% |
+14.7pp |
| NPL 90+ |
12.2% |
26.3% |
+14.1pp |
Marketing Spend (USD)
| Platform | Spend |
|---|
| ◈ Meta |
$2,982 |
| ▣ Google |
$19,091 |
| Total |
$22,073 |
- NPL30+ at 41.3% vs 26.6% target: Portfolio quality deteriorating (+14.7pp). Watch for aging into 90+ bucket.
- Disbursements 37% below: Driven by fewer loans (-15%) and smaller avg ticket (-26%, UGX 254,871 vs 343,704).
- Revenue 32% below: Yield is stronger than budget (11.9% vs 11.0%) — partially offsetting the volume gap.
- L0 31% below target: 2,708 new customers vs 3,928 planned. Check marketing funnel and approval rates.
- Loanbook 10% below: Driven by disbursement shortfall, write-offs above plan.
| Facility | Covenant | Threshold |
Actual | Headroom | Status |
| SIMS / PDIF |
PAR30+ |
≤ 16% |
15.43% |
+3.5% |
|
| SIMS / PDIF |
Coverage |
≥ 1.0x |
2.50x |
+150% |
|
| SIMS / PDIF |
Gearing |
≤ 8.0x |
3.24x |
+60% |
|
|
| GIP |
PAR30+ |
≤ 16% |
15.43% |
+3.5% |
|
| GIP |
Coverage |
≥ 1.0x |
2.61x |
+161% |
|
| GIP |
Gearing |
≤ 8.0x |
2.84x |
+64% |
|
|
| Stanbic |
PAR30+ |
≤ 16% |
15.43% |
+3.5% |
|
| Stanbic |
Coverage |
≥ 1.0x |
9.90x |
+890% |
|
| Stanbic |
Gearing |
≤ 8.0x |
2.77x |
+65% |
|
| Stanbic |
CAR |
≥ 13% |
18.2% |
+40% |
|
- SIMS / PDIF PAR30 at limit: 15.43% vs 16% — only 3.5% headroom.
- GIP PAR30 at limit: 15.43% vs 16% — only 3.5% headroom.
- Stanbic PAR30 at limit: 15.43% vs 16% — only 3.5% headroom.
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