Phnom Penh, 08 September 2018: Driving to uplift the financial knowledge of communities, Hattha Kaksekar (HKL) has been conducting various financial management experiences sharing in many provinces and town of Cambodia.
“We do not only provide financial solution to our clients, but also take cares community’s welfare,” said Oknha Hout Ieng Tong, President and CEO of HKL. “Financial management’s knowledge is very important to make a huge impact on the social well-being clients and ensure their long term growth. Savings would be very crucial knowledge for them because they can save for their children’s education, small business, and many others.”
The aim of the program is to enrich the community people improving their quality of lives via the knowledge of Financial Management. The selection of the courses was made through the community survey to understand their need—either Saving Management or Debt Management.
The program was kicked off in July 2018 with more than 150 participants, and it is aimed to get up to 300 participants by the end of the years. Most of the participants are breadwinner of the family, entrepreneurs, and government officials at grass root level.
HKL conducted Financial Management training initially in 2012 in Kampong Cham. The program was replicated several times before it was re-launched in 2018.
About Hattha Kaksekar Limited:
HKL is the third largest microfinance deposit-taking institution in Cambodia, licensed by National Bank of Cambodia. Having been operating for more than 20 years in the market, HKL is one of the leading MFIs to provide diversified financial services to micro and small business and consumer such as micro & small business & SME Loan, housing loan, home improvement loan, Savings & Deposit, Money Transfer and other financial services through its 178 branches and 129 ATM (24/7) terminal nationwide. HKL also has an easy and smart mobile banking to serve customer anywhere anytime. As of June 2018, HKL deposit balance stood at USD 409 million with 227,679 depositors, while credit portfolio accounted for USD 660 million with 135,345 borrowers. HKL’s total asset was USD 804 million.
In 2016, HKL is subsidiary company a wholly-owned of the fifth largest bank in Thailand, Bank of Ayudhya (Krungsri), a member of MUFG Bank, Japan’s largest banking group; and one of the largest and most diversified financial groups in the world.