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 - November 11, 2014

Kiva and Angkor Community Fund have agreed to end their partnership after more than $2,500 in loans raised. This Lending 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.