COOPERATIVE OF SAVINGS, CREDIT AND MULTI-SERVICES

OF WHITE RIVER AND PAIWAS

BROTHERHOOD RURAL, R. L.

The Cooperative of Savings, Credit and Multi-Services of

VARIABLES
White River and Paiwas "Brotherhood Rural", HERCAM, Savers
R.L. for short, is located in the municipality of White River
Borrower
Department of Matagalpa, in the Centre of the town.
Credit staff

We have own building, excellent presentation and with a

design suitable for the provision of financial services that it
offers. We are a reference institution in the North of
Nicaragua, our postal address is: National Police one block to
the East, neighborhood of Carlos Fonseca Amador.
Constituted legally as a savings and credit cooperative in
accordance with the laws that established the Republic of
Nicaragua, in the month of February 1999, and amended in
August 2006. Its legal representative is Mr. Fanor Antonio
Montoya Castilblanco in his capacity as Chairman of the
Board of Directors.
Cooperative of Savings,
Credit and MultiI-Services

Year of Constitution
Context of Intervention
Methodology of Credit

70%
60%
50%
40%
30%
20%
10%
0%

10%
8%
6%
4%

2011

Property or Capital

2012

Short-term loans

Long-term loans

Number of Credits
Number of Savings
Average net Loan Portfolio
Average net Saving Portfolio
800

4,000,000.00

700

3,500,000.00

600

3,000,000.00

500

2,500,000.00

400

2,000,000.00

300

1,500,000.00

200

1,000,000.00

100

500,000.00

2%
0%
2010

2011

Savings

Averages Portafolio

No.Operaciones

Miles de US$

12%

443
358
4

80%

Rescheduled Portfolio
Write-Offs
% Write-Offs

14%

681
427
4

90%

1999, Reformed 2006

Urban and Rural
Individual and Solidarity
groups

2,000,000.00
1,800,000.00
1,600,000.00
1,400,000.00
1,200,000.00
1,000,000.00
800,000.00
600,000.00
400,000.00
200,000.00
0.00

677
680
6

100%

Loan Portafolio Composition

Loan Portfolio
PAR>30
% PAR>30
% Resched+PAR30+WOffs

2012

Portfolio Funding

2010

Legal Form

2011

0.00
jun-10

jun-11

jun-12

2012

National Police one block to the East - White River, Matagalpa

Phone: (505) 2778 0027 - Email: cachercam@hotmail.com

Promedio US$

Our Mission is facilitating sustainable access to financial

services (savings and credit), to small and medium-sized
producers and producers of the municipalities of Matigus,
Rio Blanco, Paiwas, Mulukuku and Siuna, as well as other
sectors of small urban enterprises. Our territorial catchment
area covers approximately 3,200 km2.

2010

COOPERATIVE OF SAVINGS, CREDIT AND MULTI-SERVICES

OF WHITE RIVER AND PAIWAS

BROTHERHOOD RURAL, R. L.

Income Distribution

20.0%
15.0%
10.0%
5.0%

2011

2012

2,500,000.00

2500%

2,000,000.00

2000%

1,500,000.00

1500%

1,000,000.00

1000%

500,000.00

0.0%
2010

700

12

600

10

500

400

300

200

100

No.Creditos/Empleado

800

14

BALANCE INFORMATION
Total Assets
Short-term Liabilities
Gross Portfolio Outstanding
Loan Portfolio
PAR>30
Rescheduled Portfolio
Write-Offs
Capital
% Portfolio not Allow/Capital
% PAR>30
% Write-Offs

Field Staff/Staff (%)

60.0%

100

50.0%

80

40.0%

60

30.0%

40

20.0%

20

10.0%

jun-12

jun/2011
2,011,508.30
68,468.52
1,612,532.93
1,427,346.20
185,186.73
0.00
0.00
1,240,859.49
27.1%
11.5%
0.0%

jun-12

120

0.0%
jun-10

jun/2010
2,090,578.65
87,443.52
1,830,984.48
1,685,256.75
145,727.73
0.00
0.00
1,595,322.86
17.6%
8.0%
0.0%

jun-11

No. Credits / Field Staff

No. Crditos

No. Empleados, Agencias

Number Field Staff

Number of Branch

jun-11

0%
jun-10

Productivity

16

jun-10

500%

0.00

-5.0%

Employees, Credits and Agencies

Number of Staff
Number of Credits

Long-Term Liabilities
Savings
% Portfolio/ Assets

jun/2012
1,412,515.60
64,250.57
1,200,480.18
1,109,854.22
90,625.96
0.00
0.00
1,205,361.52
14.3%
7.5%
0.0%

% Of.Cred./Empleados

700,000.00
600,000.00
500,000.00
400,000.00
300,000.00
200,000.00
100,000.00
0.00
-100,000.00

Capital
Short-term Liabilities
% Liquidity

Loss Provisions
Other Expenses
Admin.Expen/Porfolio
% ROA

Miles US$

Miles de US$

Financing Expenses
Administrative Expenses
Profit
% ROE

Funding and Performance

jun-11

jun-12

RESULTS INFORMATION AND PRODUCTIVITY

jun/2010
jun/2011
Total Revenues
580,202.03 501,933.89
Financing Expenses
203,225.95
98,790.28
Loss Provisions
134,992.23 112,797.48
Administrative Expenses
160,685.00 226,798.30
Other Expenses
64,221.11
77,049.36
Profit
17,077.74 -13,501.53
% ROE
1.1%
-1.1%
Field Staff/Staff (%)
54.5%
28.6%
Number Field Staff
6
4
Number of Credits
680
427
No. Credits / Field Staff
113
107

National Police one block to the East - White River, Matagalpa

Phone: (505) 2778 0027 - Email: cachercam@hotmail.com

jun/2012
523,368.90
77,925.22
21,667.38
207,059.39
152,142.74
64,574.17
5.4%
30.8%
4
358
90

COOPERATIVE OF SAVINGS, CREDIT AND MULTI-SERVICES

OF WHITE RIVER AND PAIWAS

BROTHERHOOD RURAL, R. L.

COOPERATIVE OF SAVINGS, CREDIT AND MULTI-SERVICES "HERCAM", R. L.

(Data in Dolars US$)

FUNDING
Date

Savings

jun-10
jun-11
jun-12

85,073.07
61,700.43
58,594.53

Short-term
Liabilities

Long-Term
Liabilities

87,443.52
68,468.52
64,250.57

322,739.20
640,479.87
84,308.99

Capital

Short-term
Assets

1,595,322.86
1,240,859.49
1,205,361.52

1,921,441.97
285,568.55
50,198.98

Write-Offs

Loan Loss
Allowance

Total Assets
2,090,578.65
2,011,508.30
1,412,515.60

% Liquidity
2197%
417%
78%

% Portfolio/
Assets
88%
80%
85%

PORTFOLIO
Date
jun-10
jun-11
jun-12

Loan Portfolio
1,685,256.75
1,427,346.20
1,109,854.22

PAR>30

Rescheduled
Portfolio

145,727.73
185,186.73
90,625.96

0.00
0.00
0.00

0.00
0.00
0.00

-134,992.23
-150,594.39
-81,245.93

Gross Portfolio
Outstanding

PAR>30 not
Allowance

1,830,984.48
1,612,532.93
1,200,480.18

280,719.96
335,781.12
171,871.89

LOAN AND SAVINGS PORTFOLIO

Date
jun-10
jun-11
jun-12

Loan Portfolio
1,830,984.48
1,612,532.93
1,200,480.18

INCOME STATEMENT
Total
Date
Revenues
jun-10
580,202.03
jun-11
501,933.89
jun-12
523,368.90

Savings
Portfolio
85,073.07
61,700.43
58,594.53

Number of
Credits

Number of
Savings

680
427
358

677
681
443

Financing
Administrative
Loss Provisions
Expenses
Expenses
203,225.95
134,992.23
160,685.00
98,790.28
112,797.48
226,798.30
77,925.22
21,667.38
207,059.39

Date
jun-10
jun-11
jun-12
Other
Expenses
64,221.11
77,049.36
152,142.74

Average net
Loan Portfolio
2,692,624.24
3,776,423.73
3,353,296.59

Total Cost
563,124.29
515,435.42
458,794.73

PRODUCTIVITY
Date

Number of
Staff

Number
Credit Staff

Number of
Branch

Number of
Credits

jun-10
jun-11
jun-12

11
14
13

6
4
4

1
1
1

680
427
358

Date
jun-10
jun-11
jun-12

No. Credits /
Credit Staff
113
107
90

% Portfolio
%
not
PAR>30
Allow/Capital
17.6%
27.1%
14.3%

8%
11%
8%

%
WriteOffs
0%
0%
0%

Average net
Saving
Portfolio
125,661.85
90,602.68
132,267.55
Admin.Expen
% ROE % ROA
/Porfolio
17,077.74
8.8%
1.1%
0.8%
-13,501.53
14.1%
-1.1%
-0.7%
64,574.17
17.2%
5.4%
4.6%
Profit

Credit
Staff/Staff
(%)
54.5%
28.6%
30.8%

National Police one block to the East - White River, Matagalpa

Phone: (505) 2778 0027 - Email: cachercam@hotmail.com

%
Resched+PA
R30+WOffs
8%
11%
8%