Products
To ensure that the financial products remain as competitive as possible in today's intensely competitive micro-finance market, Hattha Kaksekar has updated and improved its existing products annually to meet financial needs in both remote and urban areas.
There are four main
categories of existing products playing a
crucial role in the development, improvement,
and growth of the operational and financial
outreach of HKL. These categories are Individual
Loans, Savings Accounts, Time Deposits, and
Money Transfers.
Individual Loans:
Loans are available to the rural and urban people for any legal purposes and
any individual is eligible to apply for this kind of loan. This kind of loan is
available up to a maximum of US$70,000 depending on credit worthiness. Based on
the negotiation between the institution and the customer, the customer could
have a loan term up to 36 months and an interest rate down to 1.5 % per month
depending on the loan size and the loan currency.
Normally, customers use this kind of loan for
the development, improvement, and expansion in business such as agriculture,
seasonal agriculture, trade (commerce), transportation, construction, services,
and other household activities.
Hattha Kaksekar has categorized its loan product
into three currencies (US Dollar, Khmer Riel, and Thai Baht) and four repayment
methods (monthly, balloon, semi-balloon, and seasonal) in order to satisfy
different market segments in operational areas.
Customers usually use the loans for the same
purpose as individual loans. This type of loan is also available in US Dollar,
Khmer Riel and Thai Baht.
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