Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update - November 11, 2014

Kiva and Angkor Community Fund have agreed to end their partnership after more than $2,500 in loans raised. This Field Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Angkor Community Fund for the collaboration and wish them success in their future endeavors.

Partner Description:

Angkor Community Fund is a non-profit organization that provides free educational training, technical support, and financial assistance for poor individuals in Cambodia. They issue no-collateral group loans to their clients, who generally do not have the land titles, motorbike registrations, or formal employment contracts that are often required to obtain loans from other MFIs.

Angkor Community Fund has experience in environmental conservation, sustainable development, small business support and public health. The Fund specifically targets its loans to poor urban and rural communities, in addition to the “most at risk” populations including entertainment workers, sex workers, and individuals living with HIV. In 2013, they were able to reach about 7,000 individuals with their education and health programs.

A unique lending approach:

Angkor Community Fund provides group loans with a weekly interest payment of .0875%. This interest rate is one of the lowest in the region among microfinance institutions offering no collateral loans.

Borrowers can form groups of up to five, and are selected according to their household assets, current and expected cash flows, prior repayment history, recommendations from other borrowers and villagers, group cohesion and personal character. Until now, they have been able to manage a small solidarity group lending program of between 60-250 clients with dedicated funds of $6,500 and average loan sizes of $100/ person. With Kiva’s support, Angkor Community Fund will be able to expand their loan program and microcredit offerings to include more villages and facilitate rural development.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 19, 2014 Oct 12, 2005
Total Loans $2,550 $820,915,400
Amount of raised Inactive loans $0 $433,050
Number of raised Inactive loans 0 368
Amount of Paying Back Loans $0 $135,452,875
Number of Paying Back Loans 0 160,773
Amount of Ended Loans $2,550 $685,029,475
Number of Ended Loans 4 847,881
Delinquency Rate 0.00% 8.54%
Amount in Arrears $0 $7,581,291
Outstanding Portfolio $0 $88,767,589
Number of Loans Delinquent 0 24,875
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $8,600,432
Amount of Ended Loans $2,550 $685,029,475
Number of Ended Loans Defaulted 0 22,761
Currency Exchange Loss Rate 0.00% 0.41%
Amount of Currency Exchange Loss $0 $3,388,152
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,367,575
Number of Refunded Loans 0 5,688

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.68%
Average Loan Size $142 $409
Average Individual Loan Size $0 $646
Average Group Loan Size $638 $1,819
Average number of borrowers per group 4.5 7.9
Average GDP per capita (PPP) in local country $2,600 $5,942
Average Loan Size / GDP per capita (PPP) 5.45% 6.89%
Average Time to Fund a Loan 0.11 days 6.8 days
Average Dollars Raised Per Day Per Loan $1,268.69 $60.16
  Average Loan Term 6 months 10.97 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 401,563
  Journaling Rate 0.00% 40.50%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.38

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 46% APR 30.00% PY 28.68% PY
  Profitability (return on assets) N/A 4.6% -0.68%
  Average Loan Size (% of per capita income) N/A 184.00% 19.50%

Country Fast Facts

Field Partner Staff

Thanak de Lopez
Choeun Sinoeun