Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description
MAXIMA Mikroheranhvatho is a microfinance institution (MFI) in Cambodia established in 2000.
With 10 regional offices operating in 4 provinces in and around Phnom Penh, MAXIMA has developed a strong reputation as a socially and environmentally responsible MFI. The organization’s commitment to client protection and corporate social responsibility mean that MAXIMA is able to maintain a competitive position within the Cambodian MFI sector while also providing much needed financial services to the rural and urban poor.
MAXIMA management and employees deeply believe that sustainable and responsible access to credit can help Cambodians to boost their income, send their children to school, pay for health care and improve their overall quality of life.  It is MAXIMA’s view that the right loan can empower a person to build a brighter future, not only for their family, but for their entire community.
A Unique Lending Approach
A major limitation to low-income households in Cambodia is the exclusion of women from income-generating activities. Some of the first loans MAXIMA disbursed were to a group of female silk weavers on Koh Dach and Koh Oknha Tey islands on the Mekong River. It was the first time anyone on the islands had been given access to microfinance services. Women now make up 79% of MAXIMA’s client base and many are utilizing microfinance to improve the wellbeing of their families by scaling home businesses, purchasing a means of transportation or making improvements to their homes.
Rural Inclusion
MAXIMA aims to contribute to the economic and social progress of rural Cambodia. MAXIMA disburses and collects repayments from borrowers at their homes or workplaces. Door-to-door services and other rural inclusion methods allow Maxima to reach more people in more remote communities. With the help of microloans, many Cambodians are able to remain in their villages and continue to successfully generate income from their businesses or farms rather than having to relocate to the city to seek employment.

 Vulnerable Populations
MAXIMA are also breaking new ground in their introduction of microloans to refugees in Cambodia. MAXIMA is working with the United Nations Human Rights Commission (UNHCR) to launch a pilot program that will allow a number of newly settled refugees in Phnom Penh the opportunity to use microloans to scale their businesses. 

User-added image

A MAXIMA client with a weaving business.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 28, 2007 Oct 12, 2005
Total Loans $3,846,775 $719,970,375
Amount of raised Inactive loans $0 $478,950
Number of raised Inactive loans 0 329
Amount of Paying Back Loans $146,150 $132,314,000
Number of Paying Back Loans 151 151,806
Amount of Ended Loans $3,700,625 $587,177,425
Number of Ended Loans 5,246 728,047
Delinquency Rate 0.55% 7.31%
Amount in Arrears $434 $6,248,427
Outstanding Portfolio $79,042 $85,462,501
Number of Loans Delinquent 5 20,684
Default Rate 0.00% 1.16%
Amount of Ended Loans Defaulted $142 $6,837,981
Amount of Ended Loans $3,700,625 $587,177,425
Number of Ended Loans Defaulted 2 19,783
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.26% 0.68%
Amount of Refunded Loans $10,025 $4,898,125
Number of Refunded Loans 14 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 72.50% 74.40%
Average Loan Size $693 $416
Average Individual Loan Size $715 $653
Average Group Loan Size $595 $1,849
Average number of borrowers per group 2.7 8
Average GDP per capita (PPP) in local country $2,600 $5,938
Average Loan Size / GDP per capita (PPP) 26.67% 7.01%
Average Time to Fund a Loan 4.54 days 6.36 days
Average Dollars Raised Per Day Per Loan $152.84 $65.41
  Average Loan Term 16.1 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5,727 353,905
  Journaling Rate 95.84% 41.32%
  Average Number of Comments Per Journal 0.11 0.07
  Average Number of Recommendations Per Journal 5.29 1.57

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 25% PY 30.00% PY 32.02% PY
  Profitability (return on assets) 3.4% 4.6% -1.84%
  Average Loan Size (% of per capita income) 115.50% 184.00% 19.57%

Country Fast Facts

Field Partner Staff

Bunhak An
Sokket Kim
Rithy Ponnak Pa
sothea san
Sivechheng Sreng

Kiva Fellow(s)

Katherine O'Brien