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.