Hattha Kaksekar
Hattha Kaksekar Limited or HKL (translated literally from the Khmer, "Farmer's Hand" or "A Helping Hand for Farmers") is a microfinance institution and a deposit-taking institution in Cambodia. In terms of loan portfolio, HKL is ranked fourth and it has the third largest saving portfolio among Cambodia MFIs. History. HKL is a former food security project launched in the Pursat Province in Cambodia by OCSD/Oxfam–Quebec in 1994. It was registered as an NGO with the Ministry of Interior in 1996. In 2001, Hattha Kaksekar Limited was born after it registered to the Ministry of  Commerce with an overall capital of $77,850 and was offered a three-years MFI license. When it reached sustainability, the National Bank of Cambodia granted a permanent license to HKL in 2007 and a Micro-finance deposit-taking institution license in 2011. Clients. Concerning its customer base, 66% of HKL's clients live in the countryside. According to a Microfinanza rating report, 40% of its lending activities funded agricultural projects in 2011. In 2013, women clients represented 60 to 80% of overall customers. HKL has launched products for Small and Medium Enterprises (SMEs) and Micro-Small and Medium Enterprises  (MSMEs). Capital structure. In September 2016, Krungsri entered Cambodia with the acquisition of Hattha Kaksekar, the country's fourth largest microfinance institution. HKL has previous eight shareholders: Branch network. In December 2014, HKL office network accounted for 151 offices mainly in rural areas spread among 25 provinces. Products. Loans. Creditworthiness, loan size and loan currency are the criteria on which interest rates setting is based. Concerning the use of the loan, supporting business activities or personal consumption can both be funded. In 2013, new products were launched: Green loans and Khmer Student loans. Savings and Deposit. The MFI developed three  types of accounts: Money Transfer. National money transfers to family, relatives or business partners transit via HKL branch network. ATMs. Launched at the end of 2012, ATM network accounted for 38 machines in Cambodia in August 2013. It allows customers to perform cash and non-cash transactions. MyMobile Banking. Mobile banking services allow customers to perform transactions such as inquiries about an account balance, look-up for an ATM location, mobile top up, bill payments and transfer funds. In addition, HKL has launched SMS notifications.