Last updated October 23, 2012

Partner Description:

KREDIT Ltd. (Cambodia Rural Economic Development Initiative for Transformation Microfinance Institution - formerly known as CREDIT) is an independent Cambodian faith-based organization founded in 1993. The organization aims to empower the economically-active poor and small entrepreneurs by providing inclusive financial services.

In 2007, it launched its Vulnerable Services Unit (VSU) with an aim to provide microfinance services to unbanked populations, including families living with HIV/AIDs. The early success of this program has attracted the attention of numerous worldwide donors such as Erikjalpen, Tear Fund Netherlands and Tear Fund New Zealand. As of October 2011, KREDIT had a portfolio of over US$40M in outstanding loans reaching 56,416 clients.

In the picture below loan officers at Kredit are helping the clients with the applications to apply for a loan.


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.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 3, 2006 Oct 12, 2005
Total Loans $8,479,800 $539,779,750
Amount of Raised Inactive Loans $0 $395,825
Number Of Raised Inactive Loans 0 277
Amount of Paying Back Loans $503,175 $111,481,150
Number Of Paying Back Loans 478 115,292
Amount of Ended Loans $7,976,625 $427,902,775
Number Of Ended Loans 9,986 549,684
Delinquency Rate 0.26% 3.29%
Amount In Arrears $929 $2,384,778
Outstanding Portfolio $363,353 $72,582,749
Number of Loans Delinquent 3 10,606
Default Rate 0.03% 1.01%
Amount of Ended Loans Defaulted $2,075 $4,334,868
Amount of Ended Loans $7,976,625 $427,902,775
Number Of Ended Loans Defaulted 6 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 0.89% 0.82%
Amount of Refunded Loans $75,675 $4,417,000
Number Of Refunded Loans 95 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 91.11% 74.09%
Average Loan Size $807 $417
Average Individual Loan Size $810 $656
Average Group Loan Size $1,126 $1,813
Average Number Of Entrepreneurs Per Group 3.5 8
Average GDP Per Capita (PPP) in Local Country $2,600 $3,463
Average Loan Size / GDP Per Capita (PPP) 31.03% 12.05%
Average Time To Fund A Loan 2.91 days 5.29 days
Average Dollars Raised Per Day Per Loan $277.06 $78.90
  Average Loan Term 15.11 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,145 268,948
  Journaling Rate 19.82% 42.09%
  Average Number Of Comments Per Journal 0.21 0.09
  Average Number Of Recommendations Per Journal 9.83 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 26.90% 31.10% 34.93%
  Profitability (Return on Assets) 3.5% 3.6% -1.11%
  Average Loan Size (% of Per Capita Income) 93.60% 88.20% 42.70%

Kiva HelpCountry 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
Marjorie Marasigan
Vichet Ouch
Chhayna Phan
Yort PO
Vanara Rom
Riphin San
Mark Schmeissing
Sokly Thav