Original disclosure @ IFC website
Updated in EWS Jul 15, 2018
Disclosed by Bank Dec 14, 2016
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According to IFC website, The proposed project aims to provide senior debt to Hattha Kaksekar Limited in order to support its further growth in the market, especially its lending to micro borrowers and SMEs. The development impact of IFC's investment in the Project is expected to be high given that it will:
1. Improve access to finance for productive micro-entrepreneurs, which will in turn stimulate growth, employment generation and poverty reduction.
2. Allow more rural-dwelling households to obtain formal financial services, such as the mobilization of savings and mobile banking.
Established in 1994 as a food security project by OCSD/OXFAM-Quebec, a Canadian organization, HKL registered as an NGO in 1996, and then gradually expanded to become a registered microfinance institution in 2001. HKL is 100% owned by Bank of Ayudhya Public Company Limited (BAY or Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group.
Project Contact: Mr. Hout Iengtong
President & Chief Executive Officer, HATTHA KAKSEKAR LIMITED (HKL), HEAD OFFICE
Contact No.: (855) 23 994 304, 23 224 102
Email Address: email@example.com
Office Address: 606, Street 271, Sangkat Phsar Doeum Thkov Khan Chamkamorn, Phnom Penh, Cambodia
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