MAXIMA Mikroheranhvatho
Cambodia
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.
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
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | May 28, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $3,377,200 | $426,651,775 | |
| Amount of Raised Inactive Loans | $0 | $238,975 | |
| Number Of Raised Inactive Loans | 0 | 213 | |
| Amount of Paying Back Loans | $274,350 | $94,149,725 | |
| Number Of Paying Back Loans | 278 | 101,646 | |
| Amount of Ended Loans | $3,102,850 | $332,263,075 | |
| Number Of Ended Loans | 4,549 | 435,701 | |
| Delinquency Rate | 0.31% | 1.91% | |
| Amount In Arrears | $360 | $1,156,960 | |
| Outstanding Portfolio | $115,763 | $60,497,022 | |
| Number of Loans Delinquent | 4 | 9,042 | |
| Default Rate | 0.03% | 0.97% | |
| Amount of Ended Loans Defaulted | $982 | $3,220,059 | |
| Amount of Ended Loans | $3,102,850 | $332,263,075 | |
| Number Of Ended Loans Defaulted | 3 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.29% | 0.95% | |
| Amount of Refunded Loans | $9,725 | $4,068,925 | |
| Number Of Refunded Loans | 13 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 71.97% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $687 | $407 | |
| Average Individual Loan Size | $701 | $646 | |
| Average Group Loan Size | $576 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 2.9 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $2,600 | $3,345 | |
| Average Loan Size / GDP Per Capita (PPP) | 26.41% | 12.17% | |
| Average Time To Fund A Loan | 3.99 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $172.20 | $86.95 | |
| Average Loan Term | 15.98 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 5,064 | 203,808 | |
|---|---|---|---|
| Journaling Rate | 99.67% | 39.99% | |
| Average Number Of Comments Per Journal | 0.13 | 0.11 | |
| Average Number Of Recommendations Per Journal | 5.98 | 2.72 |
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 | 26.70% | 31.10% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 3.3% | 3.6% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 115.50% | 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
Bunhak AnKiry Ponnak Pa
Rithy Ponnak Pa
Sophal Ros
Sive Chheng Sreng
Kimseng Uong
John Winslow