On 1st January 2014, when SafeSave became a Project of BRAC, it was working in eight branches serving approximately 19,000 clients in the slums of Dhaka. Clients held $1,094,000 in their savings accounts ($1 = 78 taka). The average savings balance was $57 and is growing, in part because of the popularity of the long-term savings account. The total savings portfolio had surpassed the total loan portfolio value for the first time in March 2010.
9,559 of the clients (a little over half) hold loans which are worth a total of $738,000, or an average outstanding balance of $77 per borrower.
In its 17 years of operation SafeSave has lent and recovered more than $8 million, with a recovery rate exceeding 97%. Clients have deposited more than $5m of savings in that time.
At the foot of this page you can download the 2011 Annual Report which includes the formal end-June 2011 Audit Report, and the end-June 2012 Audit Report