Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.hkl.com.kh/ |
Year established | 1994 |
Head of Institution | Hout Ieng Tong |
Regions active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
# Branches | 123 |
Total Portfolio (nat'l) | KHR 431,386,000,000 |
Total Portfolio (USD) | USD 109,211,645.60 |
Active clients with loans | 74,429 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Cambodia Microfinance Association (CMA) |
Funders | SIDI and Dr. Dy Davuth, Norfund, Triple Jump, Oiko Credit |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Medium Loans | USD 2,501 - 10,000 | 3 - 36 | 60% - 80% | 60% - 80% | Business, Housing, Consumer | Women, Men, Have business, Have home or land, Salaried worker, Specific age group | ||||||||
Micro Loans | USD 50 - 1,000 | 3 - 15 | 80% - 100% | 0% - 20% | Business, Housing, Consumer | Women, Men, Have business, Have home or land, Salaried worker, Specific age group | ||||||||
Small Loans | USD 1,001 - 2,500 | 3 - 24 | 60% - 80% | 0% - 20% | Business, Housing, Consumer | Women, Men, Have business, Have home or land, Salaried worker, Specific age group |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Medium Loans | 21.6%-30.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 21.4% - 26.5% | 21.4% - 26.5% | 92 | ||||||||
Micro Loans | 30.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 30% - 34.8% | 30% - 34.8% | 93 | ||||||||
Small Loans | 22.8%-33.6% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 24.1% - 32.4% | 24.1% - 32.4% | 82 |
Outstanding portfolio (KES) | KES 2,404,955 |
Portfolio (USD) | USD 29,045.35 |
Active Clients with Loans | 83 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Risk Management Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-05-20 | 2013-06-07 | 2013-05-03 | 2013-05-07 | 2013-06-07 | ||||
Loan Term (Months) | 12.0 months | 5.8 months | 12.0 months | 12.0 months | 24.0 months | ||||
Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | ||||
Total Cost of Credit | KES 2,400 | KES 3,500 | KES 12,000 | KES 24,000 | KES 88,000 | ||||
True Price by Comp | |||||||||
Interest price component | 35.4% | 34.6% | 35.4% | 35.4% | 34.6% | ||||
Fee Component | 4.1% | 7.4% | 4.1% | 4.1% | 2.2% | ||||
Insurance Component | 4.1% | 7.6% | 4.1% | 4.1% | 2.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 43.6% | 49.6% | 43.6% | 43.6% | 39.1% | ||||
Transparency Index | 46 | 40 | 46 | 46 | 51 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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