Hattha Kaksekar Limited (HKL), a partner of Save the Children
Cambodia
Last updated November 12, 2012
Partner Description:
Hattha Kaksekar Limited (HKL) is one of the largest and most successful microfinance institutions (MFIs) in Cambodia, providing microfinance services to the poor, particularly women, in urban and rural areas. HKL was founded in 1994 by OXFAM Quebec and became a nonprofit organization in 1996. In 2001, it registered as a limited company with the Ministry of Commerce.
HKL helps its clients build their own businesses by providing sound financial services, including lending, savings and money transfers, thereby contributing to the social and economic development of Cambodia. The organization provides individual loans with flexible loan repayment schedules in all sectors of business including agriculture, transportation and construction.
HKL’s impact and awards:
Today, after more than a decade of operation, HKL has remarkable experience lending to poor families in both rural and urban areas. To date, it has disbursed loans totaling over US$40 million to over 63,000 clients. The organization is dedicated to continuing to expand its services as it matures and grows to serve additional regions within Cambodia.
In 2011, HKL underwent a social impact assessment by Micro Finanza Rating. The organization was found to have “Very good operations and performance…stable even if it could be affected by major internal and external events.”
HKL’s client who applied for a loan to buy a second-hand motorbike for her unemployed husband to support their family.
Status Update - September 11, 2011
With an aim to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a reassessment of the level of risk posed by this institution. Kiva's new risk rating system has enabled us to display HKL's risk rating with a higher level of granularity. As a result, HKL's risk rating will now be displayed as 4.5 stars instead of 5 stars.
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. To view this blog, please click here.
Image courtesy of Hattha Kaksekar Limited.
Partner Description:
Hattha Kaksekar Limited (HKL) is one of the largest and most successful microfinance institutions (MFIs) in Cambodia, providing microfinance services to the poor, particularly women, in urban and rural areas. HKL was founded in 1994 by OXFAM Quebec and became a nonprofit organization in 1996. In 2001, it registered as a limited company with the Ministry of Commerce.
HKL helps its clients build their own businesses by providing sound financial services, including lending, savings and money transfers, thereby contributing to the social and economic development of Cambodia. The organization provides individual loans with flexible loan repayment schedules in all sectors of business including agriculture, transportation and construction.
HKL’s impact and awards:
Today, after more than a decade of operation, HKL has remarkable experience lending to poor families in both rural and urban areas. To date, it has disbursed loans totaling over US$40 million to over 63,000 clients. The organization is dedicated to continuing to expand its services as it matures and grows to serve additional regions within Cambodia.
In 2011, HKL underwent a social impact assessment by Micro Finanza Rating. The organization was found to have “Very good operations and performance…stable even if it could be affected by major internal and external events.”
HKL’s client who applied for a loan to buy a second-hand motorbike for her unemployed husband to support their family.
Status Update - September 11, 2011
With an aim to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a reassessment of the level of risk posed by this institution. Kiva's new risk rating system has enabled us to display HKL's risk rating with a higher level of granularity. As a result, HKL's risk rating will now be displayed as 4.5 stars instead of 5 stars.
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. To view this blog, please click here.
Image courtesy of Hattha Kaksekar Limited.
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Feb 14, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $5,158,375 | $424,502,625 | |
| Amount of Raised Inactive Loans | $0 | $303,725 | |
| Number Of Raised Inactive Loans | 0 | 236 | |
| Amount of Paying Back Loans | $704,350 | $92,457,350 | |
| Number Of Paying Back Loans | 969 | 100,288 | |
| Amount of Ended Loans | $4,454,025 | $331,741,550 | |
| Number Of Ended Loans | 7,614 | 434,958 | |
| Delinquency Rate | 0.09% | 2.08% | |
| Amount In Arrears | $312 | $1,221,363 | |
| Outstanding Portfolio | $333,439 | $58,717,054 | |
| Number of Loans Delinquent | 1 | 9,846 | |
| Default Rate | 0.02% | 0.97% | |
| Amount of Ended Loans Defaulted | $867 | $3,220,059 | |
| Amount of Ended Loans | $4,454,025 | $331,741,550 | |
| Number Of Ended Loans Defaulted | 2 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.07% | 0.96% | |
| Amount of Refunded Loans | $3,675 | $4,068,925 | |
| Number Of Refunded Loans | 14 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 83.77% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $522 | $406 | |
| Average Individual Loan Size | $592 | $645 | |
| Average Group Loan Size | $745 | $1,742 | |
| Average Number Of Entrepreneurs Per Group | 3.7 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $2,600 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 20.07% | 12.15% | |
| Average Time To Fund A Loan | 2.89 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $180.41 | $86.68 | |
| Average Loan Term | 12.18 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 629 | 203,136 | |
|---|---|---|---|
| Journaling Rate | 8.18% | 39.95% | |
| Average Number Of Comments Per Journal | 0.06 | 0.11 | |
| Average Number Of Recommendations Per Journal | 2.81 | 2.73 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 27.00% | 31.10% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 4.5% | 3.6% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 143.00% | 88.20% | 46.53% |
Country Fast Facts
Country Fast Facts- Country:
- Cambodia
- Capital:
- Phnom Penh
- Official Language:
- Khmer (official) 95%, French, English
- Population:
- 13,363,421
- Avg Annual Income:
- $2,600
- Labor Force:
- agriculture 75%
- Population Below Poverty Line:
- 36%
- Literacy Rate:
- 69.90%
- Infant Mortality Rate (per 1000):
- 73.67 deaths
- Life Expectancy:
- 58.41 years
Field Partner Staff
Duch BophaPho Channa
Buntry Khou
Tin Mosatya
Sokkong Ngoun
Mech Sokmetrey
Phal Sovannarith
John Winslow