VisionFund Cambodia
Approved to post Kiva loans from: Cambodia, Thailand
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status update - August 1, 2018
Kiva and VisionFund Cambodia have agreed to end their partnership after nearly 7 years and more than 14 million dollars in loans raised. VisionFund Cambodia has been acquired by Woori Bank and is no longer in need of Kiva funding, and has now repaid all funds owed to Kiva lenders. We thank VisionFund Cambodia for the years of collaboration and wish them success in their future endeavors.
Partner Description:
VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization targets the poorest families regardless of religious beliefs, gender or ethnic background.
Starting out as a small credit program run by World Vision Cambodia in the 1990s, its microfinance operations evolved into a separate institution affiliated with VisionFund International in 2003. To date, VisionFund Cambodia has served over 140,000 clients with a total loan portfolio over US$37M.
A unique lending approach
The microfinance institution has created several socially-driven loan products, including education loans, loans to families whose children are at risk of becoming child laborers (in partnership with the International Labor Organization), and loans for rice mill cooperatives, among others.
Some of these loans have special, more flexible terms to better meet clients’ needs while promoting education, health awareness and local rice production. In addition, the organization has been providing clients with financial education training, life insurance on loans with contributions for client funerals, and awards for reliable clients such as scholarships for their children to complete high school.
VisionFund Cambodia's client who took a loan to sell a rice in the local market.
Partnerships and awards
VisionFund Cambodia started working with PATH (Program for Appropriate Technology in Health) and Hydrologic Social Enterprise in 2010. These partnerships help it promote clean water and sanitation in rural communities, and provide financing to poor families across several provinces to purchase water filters. A similar partnership with International Solar Solutions enables poor clients in the remote, off-the-grid province of Preah Vihear to purchase solar energy products.
Since its inception, VisionFund Cambodia has received a number of honors from global organizations, including the Consultative Group to Assist the Poor (CGAP) and the United National Development Program. These awards acknowledge its financial, operational, institutional and social transparency. In 2010, VisionFund Cambodia was recognized with a Gold Award by the Microfinance Information Exchange (MIX) for its integrity and transparency in reporting, measuring and collecting data related to social performance.
Image courtesy of VisionFund Cambodia.
Status update - August 1, 2018
Kiva and VisionFund Cambodia have agreed to end their partnership after nearly 7 years and more than 14 million dollars in loans raised. VisionFund Cambodia has been acquired by Woori Bank and is no longer in need of Kiva funding, and has now repaid all funds owed to Kiva lenders. We thank VisionFund Cambodia for the years of collaboration and wish them success in their future endeavors.
Partner Description:
VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization targets the poorest families regardless of religious beliefs, gender or ethnic background.
Starting out as a small credit program run by World Vision Cambodia in the 1990s, its microfinance operations evolved into a separate institution affiliated with VisionFund International in 2003. To date, VisionFund Cambodia has served over 140,000 clients with a total loan portfolio over US$37M.
A unique lending approach
The microfinance institution has created several socially-driven loan products, including education loans, loans to families whose children are at risk of becoming child laborers (in partnership with the International Labor Organization), and loans for rice mill cooperatives, among others.
Some of these loans have special, more flexible terms to better meet clients’ needs while promoting education, health awareness and local rice production. In addition, the organization has been providing clients with financial education training, life insurance on loans with contributions for client funerals, and awards for reliable clients such as scholarships for their children to complete high school.
VisionFund Cambodia's client who took a loan to sell a rice in the local market.
Partnerships and awards
VisionFund Cambodia started working with PATH (Program for Appropriate Technology in Health) and Hydrologic Social Enterprise in 2010. These partnerships help it promote clean water and sanitation in rural communities, and provide financing to poor families across several provinces to purchase water filters. A similar partnership with International Solar Solutions enables poor clients in the remote, off-the-grid province of Preah Vihear to purchase solar energy products.
Since its inception, VisionFund Cambodia has received a number of honors from global organizations, including the Consultative Group to Assist the Poor (CGAP) and the United National Development Program. These awards acknowledge its financial, operational, institutional and social transparency. In 2010, VisionFund Cambodia was recognized with a Gold Award by the Microfinance Information Exchange (MIX) for its integrity and transparency in reporting, measuring and collecting data related to social performance.
Image courtesy of VisionFund Cambodia.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Sep 23, 2011 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $14,247,175 | $2,059,747,905 | |
| Amount of raised Inactive loans | $0 | $315,425 | |
| Number of raised Inactive loans | 0 | 367 | |
| Amount of Paying Back Loans | $0 | $151,590,125 | |
| Number of Paying Back Loans | 0 | 179,148 | |
| Amount of Ended Loans | $14,247,175 | $1,862,548,250 | |
| Number of Ended Loans | 18,475 | 2,515,843 | |
| Delinquency Rate | 0.00% | 11.65% | |
| Amount in Arrears | $0 | $10,665,177 | |
| Outstanding Portfolio | $0 | $91,519,984 | |
| Number of Loans Delinquent | 0 | 35,255 | |
| Default Rate | 0.29% | 1.83% | |
| Amount of Ended Loans Defaulted | $41,133 | $34,066,956 | |
| Number of Ended Loans Defaulted | 118 | 91,292 | |
| Currency Exchange Loss Rate | 0.00% | 0.47% | |
| Amount of Currency Exchange Loss | $0 | $12,915,654 | |
| Refund Rate | 1.17% | 0.55% | |
| Amount of Refunded Loans | $166,850 | $11,263,070 | |
| Number of Refunded Loans | 157 | 9,868 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 91.93% | 78.51% | |
|---|---|---|---|
| Average Loan Size | $352 | $393 | |
| Average Individual Loan Size | $779 | $585 | |
| Average Group Loan Size | $771 | $1,913 | |
| Average number of borrowers per group | 2.7 | 8.3 | |
| Average GDP per capita (PPP) in local country | $2,600 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 13.53% | 7.03% | |
| Average Time to Fund a Loan | 7.84 days | 9.13 days | |
| Average Dollars Raised Per Day Per Loan | $44.85 | $43.03 | |
| Average Loan Term | 16.17 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 13,564 | 1,228,233 | |
|---|---|---|---|
| Journaling Rate | 72.95% | 41.93% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 27% PY | 30.00% PY | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 2.2% | 4.6% | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | 184.00% | 0.00% |
Country Fast Facts
- Country:
- Cambodia
- Capital:
- Phnom Penh
- Official Language:
- Khmer
- Population:
- 15,458,332
- Avg Annual Income:
- $2,600
- Labor Force:
- agriculture: 55.8%, industry: 16.9%, services: 27.3%
- Population Below Poverty Line:
- 20.00%
- Literacy Rate:
- 73.90%
- Infant Mortality Rate (per 1000):
- 51.36 deaths
- Life Expectancy:
- 63.78 years