Chamroeun Microfinance Plc
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 - July 18, 2024
Chamroeun is currently experiencing some operational challenges that have impacted their ability to meet payment obligations since June 2024. Kiva is actively working with Chamroeun to address these issues and is in the process of negotiating a repayment plan over the coming months. We will distribute these funds to lenders as they are received.
Chamroeun has been a valued partner of Kiva for over eight years and has successfully repaid over $5 million in Kiva loans during this time.
Partner description:
Chamroeun (meaning “progress” in Khmer) is a microfinance institution with a focus on serving the very poor in Cambodia by providing adapted loans, savings and insurance services. They operate in 16 provinces across Cambodia.
Chamroeun demonstrates a strong commitment to social performance and impact, and their current shareholders are all socially motivated organizations.
A unique lending approach:
Chamroeun provides individual and group loans for working capital or investment. The majority of loans are for small businesses to allow them to startup or scale.
If a borrower has successfully repaid a number of individual or group loans, they can graduate to an entrepreneur loan that provides more capital for a longer repayment period.
Along with financial services, they provide a comprehensive range of non-financial services to their clients including business training, financial literacy, and social and environmental welfare. They also provide microinsurance through a partner and have developed the capability to receive electronic payments, which is an added convenience for clients.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Nov 23, 2016 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $7,872,050 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $1,912,465 | $154,628,025 | |
Number of Paying Back Loans | 2,359 | 186,271 | |
Amount of Ended Loans | $5,959,585 | $1,851,013,910 | |
Number of Ended Loans | 7,990 | 2,491,542 | |
Delinquency Rate | 47.81% | 12.11% | |
Amount in Arrears | $522,763 | $11,277,316 | |
Outstanding Portfolio | $1,093,365 | $93,149,537 | |
Number of Loans Delinquent | 2,339 | 54,545 | |
Default Rate | 0.26% | 1.82% | |
Amount of Ended Loans Defaulted | $15,392 | $33,742,451 | |
Number of Ended Loans Defaulted | 38 | 88,997 | |
Currency Exchange Loss Rate | 0.07% | 0.47% | |
Amount of Currency Exchange Loss | $11,610 | $12,725,634 | |
Refund Rate | 0.01% | 0.53% | |
Amount of Refunded Loans | $625 | $10,938,345 | |
Number of Refunded Loans | 1 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 86.00% | 78.48% | |
---|---|---|---|
Average Loan Size | $761 | $393 | |
Average Individual Loan Size | $761 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $2,600 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 29.26% | 7.02% | |
Average Time to Fund a Loan | 18.14 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $41.94 | $43.09 | |
Average Loan Term | 17.05 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 2,498 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 27.01% | 41.91% | |
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 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 41% PY | 30.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -3.56% | 4.6% | -1.28% | |
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
Lending Partner Staff
Phearun ATHMom HENG
Sophas KHOY
Yannick MILEV
Chansokunthea PHON
Sophal Seng