Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.Hattha Kaksekar Limited (HKL),
a partner of Save the Children, is one of the largest and most successful microfinance institutions (MFIs) in Cambodia, providing microfinance services to the poor, particularly women, in urban and rural areas. HKL was founded in 1994 by OXFAM Quebec and became a nonprofit organization in 1996. In 2001, it registered as a limited company with the Ministry of Commerce.
HKL helps its clients build their own businesses by providing sound financial services, including lending, savings and money transfers, thereby contributing to the social and economic development of Cambodia. The organization provides individual loans with flexible loan repayment schedules in all sectors of business including agriculture, transportation and construction.
HKL’s impact and awards:
Today, after more than a decade of operation, HKL has remarkable experience lending to poor families in both rural and urban areas. To date, it has disbursed loans totaling over US$40 million to over 63,000 clients. The organization is dedicated to continuing to expand its services as it matures and grows to serve additional regions within Cambodia.
In 2011, HKL underwent a social impact assessment by Micro Finanza Rating. The organization was found to have “Very good operations and performance…stable even if it could be affected by major internal and external events.”
HKL’s client who applied for a loan to buy a second-hand motorbike for her unemployed husband to support their family.
Image courtesy of Hattha Kaksekar Limited.