Last Updated June 18, 2014

Partner Description

KREDIT is one of the leading microfinance institutions in Cambodia. KREDIT was established by World Relief US in 1993 to provide financial services and primary health to Cambodia's poor women in urban and rural area. 
 
It transitioned into a professional MFI in 2004 but continued its commitment to client and community development. 
 
In 2012 the organization got a new shareholder "Phillip MFIs Pte Ltd", an arm of PhilipCapital based in Singapore, which is a leading Integrated Asian financial institution with network offices around the world. The institution has a triple-bottom line focused on sustainability, faith and enabling its clients to achieve socio-economic development.
 
ON of KREDIT most celebrated programs is the Vulnerable Services Unit (VSU) with an aim to provide microfinance services to unbanked populations, including families living with HIV/AIDs.To maximinze the impact on poor clients, KREDIT has continued expansion of Vulnerable Service Unit (VSU) by working with development partners to provide clients with a range of services. These include finance-related training (debt management, savings, and budgeting), special agriculture training, child education, primary health care and HIV/AIDS trainings, and character building. Some of the training is provided directly by KREDIT's staff and some by the partners based on topics.
 
Partnerships and awards

To further extend its services and impact, KREDIT partners with several reputable nonprofit organizations. For example, a partnership with Hagar, an organization that services vulnerable mothers and children, provides lower-than-market interest rate loans and mandatory savings to Hagar staff. The collaboration with the international NGO Habitat for Humanity enables KREDIT to expand home ownership to poorer clients.

Every year, CGAP issues awards to a few microfinance institutions to recognize transparency. Kredit received this award two years in a row, in 2006 and 2007. In addition, the National Bank of Cambodia recently granted the organization the license to collect deposits from clients. Today, the organization also offers savings and money transfer services.

Image courtesy of Kredit Ltd.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 3, 2006 Oct 12, 2005
Total Loans $8,639,900 $576,763,075
Amount of raised Inactive loans $3,000 $222,775
Number of raised Inactive loans 3 252
Amount of Paying Back Loans $602,225 $120,176,150
Number of Paying Back Loans 563 126,424
Amount of Ended Loans $8,034,675 $456,364,150
Number of Ended Loans 10,048 581,654
Delinquency Rate 0.00% 4.70%
Amount in Arrears $0 $3,750,041
Outstanding Portfolio $418,978 $79,783,846
Number of loanDelinquent 0 19,496
Default Rate 0.03% 1.11%
Amount of Ended Loans Defaulted $2,075 $5,078,483
Amount of Ended Loans $8,034,675 $456,364,150
Number of Ended Loans Defaulted 6 16,245
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.88% 0.78%
Amount of Refunded Loans $75,675 $4,490,600
Number of Refunded Loans 95 5,023

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.96% 74.21%
Average Loan Size $804 $418
Average Individual Loan Size $812 $656
Average Group Loan Size $1,127 $1,825
Average number of borrowers per group 3.7 8
Average GDP per capita (PPP) in local country $2,600 $3,438
Average Loan Size / GDP per capita (PPP) 30.92% 12.17%
Average Time to Fund a Loan 2.93 days 5.52 days
Average Dollars Raised Per Day Per Loan $274.30 $75.87
  Average Loan Term 15.17 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,182 288,107
  Journaling Rate 20.14% 42.59%
  Average Number of Comments Per Journal 0.20 0.08
  Average Number of Recommendations Per Journal 9.66 1.92

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 25.00% 30.00% 33.65%
  Profitability (return on assets) 2.6% 4.6% -1.40%
  Average Loan Size (% of per capita income) 93.60% 184.00% 41.35%

Country Fast Facts

Field Partner Staff

Joshua Benadum
bo bo
mach Chan
socheata Chao
Sothea Dith
Team Editing
Soung Engchhay
Alexander Groeneveld
Vanhom Hay
Vibol HIM
Sopheap Khiev
Sambo Lim
Da Lin
Chanvannak Long
Marjorie Marasigan
Vichet Ouch
Chhayna Phan
Yort PO
Vanara Rom
Riphin San
Mark Schmeissing
Sokly Thav