Cambodia > CREDIT, a partner of World Relief

About the Field Partner

CREDIT, a partner of World Relief administers this loan. Learn more

Field Partner:

CREDIT, a partner of World Relief

Field Partner Risk Rating:

(Learn more)

Time on Kiva:

45 months

Kiva Entrepreneurs:

5186

Total Loans:

$3,926,650

Interest & Fees are Charged:

Yes (Learn more)

Portfolio Yield:	29%
Profitability (Return on Assets):	6%
Average Loan Size (% of Per Capita Income):	102%

Delinquency Rate:

0.00%

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

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Kiva Fundraising Status

Fundraising Status	Active
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Other Information Sources

MIX Profile	View MIX Profile
Network Affiliation	WR - World Relief
Social Performance Reporting Level	N/A
Consumer Protection Principles	N/A
Field Partner Website	View Website
Email Contact	info@credit.com.kh

CREDIT MFI (Cambodia Rural Economic Development Initiative for Transformation Microfinance Institution) is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.

CREDIT was started in 1993 by World Relief US in Cambodia and was registered as a private limited liability company (LLC) in 2003. Today, World Relief Corporation has a 74% shareholding in the company, World Relief Canada owns 17% and World Hope International has the remaining 9% share. At the end of 2007, CREDIT had a portfolio of US$10.3 million in outstanding loans reaching 18,771 clients, of which 95% are women.

Recently, CREDIT added the Vulnerable Services Unit (VSU) to its operations. The VSU provides microfinance services to those who are otherwise not able to access financial services, as well as to families living with HIV /AIDs. The early success of this program has attracted the attention of numerous worldwide donors, including Erikjalpen, Tear Fund Netherlands and Tear Fund New Zealand, and CREDIT has plans for its expansion.

To further extend its services and impact, CREDIT partners with several reputable nonprofit organizations. A partnership with Hagar, an organization that services vulnerable mothers and children, provides lower-than-market interest rate loans and mandatory savings to Hagar staff. CREDIT is currently also working with the international NGO Habitat for Humanity to provide poor clients access to homes.

A deep commitment to excellence has earned CREDIT two consecutive awards from CGAP for financial transparency in 2006 and 2007. CREDIT is proud of the impact of its work throughout Cambodia and continues to deepen and strengthen its services to work ever more towards its goal of empowering lives.

CREDIT MFI- World Relief can be contacted via email at info@credit.com.kh

Join our lending team: "CREDIT MFI Cambodia"

Repayment Performance on Kiva

		This Field Partner	All Kiva Partners
	Start Date On Kiva	May 3, 2006	Oct 12, 2005
	Total Loans	$3,926,650	$118,121,935
	Amount of Raised Inactive Loans	$0	$147,475
	Number Of Raised Inactive Loans	0	212
	Amount of Paying Back Loans	$1,602,400	$50,404,975
	Number Of Paying Back Loans	1,979	68,278
	Amount of Ended Loans	$2,324,250	$67,569,485
	Number Of Ended Loans	3,183	99,368
	Delinquency Rate	0.00%	4.10%
	Amount of Paying Back Loans Delinquent	$0	$2,067,573
	Amount of Paying Back Loans	$1,602,400	$50,404,975
	Number of Paying Back Loans Delinquent	0	7,071
	Default Rate	0.00%	1.73%
	Amount of Ended Loans Defaulted	$0	$1,170,399
	Amount of Ended Loans	$2,324,250	$67,569,485
	Number Of Ended Loans Defaulted	0	3,524
	Currency Exchange Loss Rate	0.00%	0.00%
	Amount of Currency Exchange Loss	$0	$0
	Refund Rate	0.46%	1.05%
	Amount of Refunded Loans	$18,075	$1,240,850
	Number Of Refunded Loans	23	1,583
Updated as of February 9, 2010 12:32 AM

Loan Characteristics On Kiva

		This Field Partner	All Kiva Partners
	Loans to Women Entrepreneurs	91.12%	78.07%
	Average Loan Size	$761	$401
	Average Individual Loan Size	$761	$595
	Average Group Loan Size	$1,000	$1,545
	Average Number Of Entrepreneurs Per Group	2	0
	Average GDP Per Capita (PPP) in Local Country	$2,600	$3,429
	Average Loan Size / GDP Per Capita (PPP)	29.26%	11.69%
	Average Time To Fund A Loan	2.16 days	2.45 days
	Average Dollars Raised Per Day Per Loan	$352.15	$163.61
	Average Loan Term	15.44 months	9.27 months
Updated as of February 9, 2010 12:32 AM

Journaling Performance on Kiva

		This Field Partner	All Kiva Partners
	Total Journals	1626	60384
	Journal Coverage	29.01%	29.56%
	Journal Coverage, Kiva Fellows	0.00%	0.19%
	Journal Frequency (Average Per Loan Per Year)	0.21	0.31
	Average Number Of Recommendations Per Journal	12.90	8.87
Updated as of February 9, 2010 12:32 AM

Borrowing Cost Comparison

	This Field Partner	Median for MFI Peers in Country	All Kiva Partners
Average Interest Rate and Fees Borrowers Pay (Portfolio Yield)	29%	36%	35.22%
Average Partner Return On Assets (Average Profitability)	6%	6%	-0.47%
Average Loan Size (% of Per Capita Income)	102%	79%	43.94%