performance picture

As of September 2008, SafeSave's 8 branches are serving 13,000 clients with an average savings balance of $25 earning 6% annual interest.  There are 8,000 active loans averaging $60.

Each month 64 collectors, all of them women from low income neighborhoods, process more than 100,000 small transactions using handheld computers.

SafeSave has been financially sustainable since 2005, when it stopped accepting donor grants, and began borrowing at commercial rates.

SafeSave's loan interest rate is 36%, against an average cost of capital of 5%. Margins must be high to pay for the cost of flexible loans and a daily doorstep service, which clients are very willing to pay a premium for. Large-scale MFIs in Bangladesh, which offer loans with weekly repayments via group meetings charge less (25-30% effective interest).

For more details on SafeSave's financial performance please see the Annual Report and the audited Financial Statements as at June 30 2008.