Cambodia > CREDIT, a partner of World Relief
About the Field Partner
About the Field Partner
| Field Partner: | CREDIT, a partner of World Relief |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 42 months |
| Kiva Entrepreneurs: | 4809 |
| Total Loans: | $3,616,250 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Active |
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See all fundraising loans from this field partner >>
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Other Information Sources
Other Information Sources
CREDIT MFI (Cambodia Rural Economic Development Initiative for Transformation Microfinance Institution) is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.
CREDIT was started in 1993 by World Relief US in Cambodia and was registered as a private limited liability company (LLC) in 2003. Today, World Relief Corporation has a 74% shareholding in the company, World Relief Canada owns 17% and World Hope International has the remaining 9% share. At the end of 2007, CREDIT had a portfolio of US$10.3 million in outstanding loans reaching 18,771 clients, of which 95% are women.
Recently, CREDIT added the Vulnerable Services Unit (VSU) to its operations. The VSU provides microfinance services to those who are otherwise not able to access financial services, as well as to families living with HIV /AIDs. The early success of this program has attracted the attention of numerous worldwide donors, including Erikjalpen, Tear Fund Netherlands and Tear Fund New Zealand, and CREDIT has plans for its expansion.
To further extend its services and impact, CREDIT partners with several reputable nonprofit organizations. 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. CREDIT is currently also working with the international NGO Habitat for Humanity to provide poor clients access to homes.
A deep commitment to excellence has earned CREDIT two consecutive awards from CGAP for financial transparency in 2006 and 2007. CREDIT is proud of the impact of its work throughout Cambodia and continues to deepen and strengthen its services to work ever more towards its goal of empowering lives.
CREDIT MFI- World Relief can be contacted via email at info@credit.com.kh
- Join our lending team: "CREDIT MFI Cambodia"
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | May 3, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $3,616,250 | $101,929,710 | |
| Amount of Raised Inactive Loans | $0 | $111,475 | |
| Number Of Raised Inactive Loans | 0 | 164 | |
| Amount of Paying Back Loans | $1,621,975 | $44,703,125 | |
| Number Of Paying Back Loans | 2,042 | 63,327 | |
| Amount of Ended Loans | $1,994,275 | $57,115,110 | |
| Number Of Ended Loans | 2,743 | 83,635 | |
| Delinquency Rate | 0.00% | 4.28% | |
| Amount of Paying Back Loans Delinquent | $0 | $1,913,000 | |
| Amount of Paying Back Loans | $1,621,975 | $44,703,125 | |
| Number of Paying Back Loans Delinquent | 0 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $1,994,275 | $57,115,110 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.50% | 1.09% | |
| Amount of Refunded Loans | $18,075 | $1,112,375 | |
| Number Of Refunded Loans | 23 | 1,446 | |
| Updated as of November 21, 2009 12:51 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 91.41% | 78.21% | |
|---|---|---|---|
| Average Loan Size | $756 | $403 | |
| Average Individual Loan Size | $756 | $591 | |
| Average Group Loan Size | $1,000 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 2 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $2,600 | $3,464 | |
| Average Loan Size / GDP Per Capita (PPP) | 29.07% | 11.65% | |
| Average Time To Fund A Loan | 1.96 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $385.58 | $177.73 | |
| Average Loan Term | 15.48 months | 9.31 months | |
| Updated as of November 21, 2009 12:51 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 1582 | 51642 | |
|---|---|---|---|
| Journal Coverage | 30.38% | 28.22% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.24 | 0.32 | |
| Average Number Of Recommendations Per Journal | 13.24 | 10.30 | |
| Updated as of November 21, 2009 12:51 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 29% | 36% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 1% | 79% | 23.43% | |
| Average Partner Return On Assets | 6% | 6% | 0.24% |
Field Partner Staff
Joshua Benadummach Chan
socheata Chao
Sothea Dith
Team Editing
Jordyan Edmiston
Soung Engchhay
Alexander Groeneveld
Vanhom Hay
Vibol HIM
Sopheap Khiev
Marjorie Marasigan
Vichet Ouch
Yort PO
Riphin San
Mark Schmeissing
Isadora Tang
Country Fast Facts
Country Fast Facts
| Country: Cambodia |
| Capital: Phnom Penh |
| Official Language: Khmer (official) 95%, French, English |
| Population: 13,363,421 |
| Avg Annual Income: $2,600 |
| Labor Force: agriculture 75% |
| Population Below Poverty Line: 36% |
| Literacy Rate: 69.90% |
| Infant Mortality Rate (per 1000): 73.67 deaths |
| Life Expectancy: 58.41 years |
| Currency: United States Dollars |
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