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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 14, 2008 Oct 12, 2005
Total Loans $6,058,250 $591,510,100
Amount of raised Inactive loans $0 $801,625
Number of raised Inactive loans 0 640
Amount of Paying Back Loans $695,925 $116,887,025
Number of Paying Back Loans 902 124,445
Amount of Ended Loans $5,362,325 $473,821,450
Number of Ended Loans 8,906 601,157
Delinquency Rate 0.00% 4.15%
Amount in Arrears $0 $3,134,116
Outstanding Portfolio $479,838 $75,521,492
Number of loanDelinquent 0 14,058
Default Rate 0.03% 1.13%
Amount of Ended Loans Defaulted $1,805 $5,346,749
Amount of Ended Loans $5,362,325 $473,821,450
Number of Ended Loans Defaulted 3 16,817
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $538,403
Refund Rate 0.06% 0.77%
Amount of Refunded Loans $3,750 $4,537,625
Number of Refunded Loans 17 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.22% 74.18%
Average Loan Size $545 $418
Average Individual Loan Size $610 $655
Average Group Loan Size $745 $1,828
Average number of borrowers per group 3.7 8
Average GDP per capita (PPP) in local country $2,600 $3,429
Average Loan Size / GDP per capita (PPP) 20.96% 12.20%
Average Time to Fund a Loan 3.07 days 5.6 days
Average Dollars Raised Per Day Per Loan $177.62 $74.70
  Average Loan Term 12.84 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 630 296,133
  Journaling Rate 6.98% 42.36%
  Average Number of Comments Per Journal 0.06 0.08
  Average Number of Recommendations Per Journal 2.81 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 26% PY 30.00% PY 33.27% PY
  Profitability (return on assets) 4.2% 4.6% -1.45%
  Average Loan Size (% of per capita income) 143.00% 184.00% 40.88%

Country Fast Facts

Field Partner Staff

Duch Bopha
Pho Channa
Buntry Khou
Tin Mosatya
Sokkong Ngoun
Chan Sopheakdey