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:

Philip Bank (formerly known as Kredit MFI) transitioned into a professional MFI in 2004, since then it has been able to scale its operations and outreach while continuing to contribute to client and community development. The institution maintains a real commitment to developing the rural economy in Cambodia. In 2010, Philip Bank received a Micro Deposit Taking Institution (MDI) license from National Bank of Cambodia (NBC) allowing it to offer a savings service to their clients. 

In December 2017 Kredit MFI was acquired by an arm of PhilipCapital group, the parent company of Philip Bank, a Singaporean owned Commercial Bank operating in Cambodia since 2009. Following a two-year long merger process, in January 2020, Kredit MFI was formally merged with Philip Bank and since then continues its operations under the name of Phillip Bank Plc. Philip Bank remains committed to its social values, together with banking operations it keeps its focus on enhancing and developing its Microfinance portfolio and other financial services related to financial inclusion.         

Beyond the variety of credit products (loans, savings/deposits, local money transfer, currency exchange etc.)  offered to the customers, Philip Bank delivers a number of non-financial services to its clients. This includes training on financial literacy, practical agriculture, parenting       and other fields according to the needs of the communities. Philip Bank has fully endorsed the SMART campaign for client protection principles (CPP) and has developed Social Performance Management (SPM) system in order to measure the impact of its work. Its membership of a number of local and international associations/groups is allowing the institution to further learn and share experience.

Currently Philip Bank ’s sole shareholder is Phillip MFI Pte Ltd, an arm of PhillipCapital Group which is an entity established in 1975 and headquartered in Singapore. The Group operates financial hubs in over 15 countries globally.


Philip Bank  has received numerous awards/recognition, from national and international organizations, for their work. These include:

•      STAR Award from Mix Market
•      “Most Innovative Non-Profit / Social Enterprise” from Singapore Venture Capital and Private Equity Association (SVCA)
•      Seal of Pricing Transparency from MFTransparency
•      Financial Transparency Award from CGAP in 2005 and 2006
        Loan Alert Note

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 3, 2006 Oct 12, 2005
Total Loans $17,902,800 $1,609,320,070
Amount of raised Inactive loans $0 $774,700
Number of raised Inactive loans 0 749
Amount of Paying Back Loans $1,380,500 $165,643,425
Number of Paying Back Loans 946 203,119
Amount of Ended Loans $16,522,300 $1,442,901,945
Number of Ended Loans 17,379 1,907,549
Delinquency Rate 2.35% 17.16%
Amount in Arrears $21,992 $17,834,792
Outstanding Portfolio $823,373 $103,958,595
Number of Loans Delinquent 66 75,526
Default Rate 0.26% 1.71%
Amount of Ended Loans Defaulted $43,012 $24,705,719
Number of Ended Loans Defaulted 84 61,800
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 0.42% 0.59%
Amount of Refunded Loans $75,700 $9,486,100
Number of Refunded Loans 96 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 88.99% 77.44%
Average Loan Size $683 $392
Average Individual Loan Size $894 $600
Average Group Loan Size $1,273 $1,805
Average number of borrowers per group 3 8
Average GDP per capita (PPP) in local country $2,600 $5,673
Average Loan Size / GDP per capita (PPP) 26.25% 6.91%
Average Time to Fund a Loan 5.93 days 8.07 days
Average Dollars Raised Per Day Per Loan $115.01 $48.58
  Average Loan Term 16.79 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5,782 980,785
  Journaling Rate 32.24% 42.28%
  Average Number of Comments Per Journal 0.08 0.03
  Average Number of Recommendations Per Journal 3.65 0.67

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 23% PY 30.00% PY 26.41% PY
  Profitability (return on assets) 1.19% 4.6% -0.56%
  Average Loan Size (% of per capita income) 93.60% 184.00% 11.35%

Country Fast Facts

Field Partner Staff

Santiago Cortes
Anjali Fleury
Thyda HOT
Kimann KHAN
Sokroeun Lim
Sokroeun Lim
Da Lin
Chanvannak Long
Vichet Ouch
Chhayna Phan
Chantheara Sok
Isadora Tang
Sambath Thida
Jeff Zira