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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 4 / 933 | 
                
    
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Cost per borrower is operating expense plus in-kind donations divided by the average number of active borrowers. Portfolio at risk > thirty days is the outstanding balance of loans overdue for more than thirty days, divided by the gross loan portfolio.
Consider first the operational self-sufficiency ratio in table 10...
        
        
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The ratio is a rough measure of efficiency, and the table shows that, on average, all programs are covering these costs. But there is wide variation, with some low-end lenders only covering 60 percent of costs, while others in the same category cover over 150 percent.3 Similarly, the amounts spent per borrower and the management of overdues varies widely; the latter range from near-perfection to delinquencies greater than 10 percent...
        
        
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            General points of the essay
            
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