Last updated April 10, 2013

Partner Description:

MAXIMA Mikroheranhvatho is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services.

By making credit available to marginalized groups -- woman-headed households, in particular -- MAXIMA serves clients who are unable to get loans through traditional commercial banks. With this service, MAXIMA’s clients are able to harness their natural skills and entrepreneurial spiritto start or grow their businesses.

User-added image

A MAXIMA client with a weaving business.

Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment. In general, loans empower people to build brighter futures not only for their families, but for their entire communities.

MAXIMA’s vision is to be a leading microfinance institution with the highest quality of customer service. Its mission is to offer microfinance services with emphasis on lending to the rural poor and low-income clients so they can improve their lives and realize their business goals. The organization has a dedicated team and aims to create value that satisfies all stakeholders socially and economically.

Status Update - September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.

The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise MAXIMA's risk rating from 5 to 3 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. MAXIMA has been informed of our analysts’ findings and their corresponding change in rating.

Images courtesy of MAXIMA.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 28, 2007 Oct 12, 2005
Total Loans $3,702,050 $582,899,350
Amount of raised Inactive loans $0 $412,675
Number of raised Inactive loans 0 393
Amount of Paying Back Loans $263,150 $117,043,450
Number of Paying Back Loans 312 123,498
Amount of Ended Loans $3,438,900 $465,443,225
Number of Ended Loans 4,914 591,918
Delinquency Rate 0.02% 3.74%
Amount in Arrears $43 $2,841,615
Outstanding Portfolio $173,827 $76,065,484
Number of loanDelinquent 2 11,732
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $142 $5,334,744
Amount of Ended Loans $3,438,900 $465,443,225
Number of Ended Loans Defaulted 2 16,795
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.26% 0.77%
Amount of Refunded Loans $9,725 $4,494,225
Number of Refunded Loans 13 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 72.37% 74.17%
Average Loan Size $693 $418
Average Individual Loan Size $710 $656
Average Group Loan Size $562 $1,827
Average number of borrowers per group 2.8 8
Average GDP per capita (PPP) in local country $2,600 $3,433
Average Loan Size / GDP per capita (PPP) 26.66% 12.19%
Average Time to Fund a Loan 4.39 days 5.56 days
Average Dollars Raised Per Day Per Loan $158.00 $75.30
  Average Loan Term 16.08 months 10.29 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5,668 291,503
  Journaling Rate 99.71% 42.36%
  Average Number of Comments Per Journal 0.11 0.08
  Average Number of Recommendations Per Journal 5.35 1.90

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 27% PY 30.00% PY 33.64% PY
  Profitability (return on assets) 2% 4.6% -1.40%
  Average Loan Size (% of per capita income) 115.50% 184.00% 41.35%

Country Fast Facts

Field Partner Staff

Bunhak An
Kiry Ponnak Pa
Rithy Ponnak Pa
Sophal Ros
sothea san
Len Si
Sive Chheng Sreng
Kimseng Uong