By June 2008, HKL has eight key share holders. They include Hattha Kaksekar NGO holding 20.02% of the share value, Oikocredit 20.02%, SIDI 15.00%, NORFUND 14.15%, TRIPLE JUMP 14.15%, HK SA 7.68%, CORDAID 6.95%, AND DY DAVUTH 2.04%.

To keep HKL consistent with its vision, mission and corporate governance of HKL, the board meeting is usually held twice a year (March and November). The meeting will often focus on business planning, budgeting, governance and management of the institution.

More importantly, some of the board members are also the members of the HKL internal committees such as Internal Audit Committee, Asset and Liability Committee (ALCO).

The following list demonstrates HKL capital structure as of June 2008 and a brief background of each shareholder:

Hattha Kaksekar NGO (HK NGO)represented by Mr. Hout Ieng Tong

Hattha Kaksekar NGO was originally transformed from Food Security Project since 1996. In October, 2001, this NGO was restructured to become a shareholder of Hattha Kaksekar Limited (HKL), thus the assets and equity of the NGO were transferred to HKL’s.  Initially, HK NGO’s share amount was USD 35,010 representing 45% of the total share of HKL. With an additional amount transferred from some of HK NGO’s subordinated loan, HKL NGO increased its share investment to US$ 128,550. As of 2007, the shared capital of HK NGO to HKL accounted for US$ 543,900 represented 40.60% of the total share. In 2008, the shared capital of HK NGO was $543,900 represented 20.02% of the total share.

OIKOCREDIT

OIKOCREDIT is a worldwide, cooperative financial institution offering loans, capital and technical support to microfinance institutions and other enterprises focused on building opportunities for financially less advantaged entrepreneurs without access to credit. The OIKOCREDIT international support office is based in Amersfoort, The Netherlands, and OIKOCREDIT has local representation in approximately 30 countries worldwide. These offices source and monitor project partners in more than 65 countries and ensure a close relationship and tailor-made services to the project partners. The capital needed to provide development financing, comes from investments in OIKOCREDIT by more than 30,000 individuals, over 500 churches and church-related organizations, as well as from other institutions including a number of former and existing project partners of OIKOCREDIT around the globe.

Solidarité Internationale pour le Développement et l' Investissement (SIDI) represented by Mrs. Alka Couet

SIDI is a French limited liability company, based in Paris specializing in investments for supporting small enterprises in developing countries. Its total assets at the end of 2000 amounted to 8.1 million Euros and its net profit amounted to 40,000 Euros. SIDI has joined HKL since 2001 by initially investing USD 15,000 (which represented 19% of total shares).  In 2003, SIDI agreed to increase its share to USD 51,450 to maintain its share at 19.96%. As of 2007, the shared capital of SIDI to HKL accounted for US$ 343,000 represented 25.60% of the total share. In 2008, the shared capital of SIDI was US$ 407, 500 represented 15.00% of the total share.

Hattha Kaksekar Staff Association (HK SA) represented by Mr. Seng Vannara

Hattha Kaksekar Staff Association (HKSA) is one legal entity which is financially contributed by HKL’s staff.  All HKL staff is allowed to access acquisition of HKL share at a specific period of time (normally from April to September of the year). The size of the dividend given to the staff as shareholder depends on the net profits of HKL from the previous fiscal year-this dividend will usually be declared in March or April of the next coming year. As of 2007, the shared capital of HK SA to HKL accounted for US$ 208, 600 represented 15.57% of the total share. In 2008, the shared capital of HK SA was US$ 208, 600 represented 7.68% of the total share.

CORDAID represented by Mr. Tony Fernandes

CORDAID was created with Memisa, Mensen in Nood and Vastenaktie, one of the biggest international development organizations in Netherlands. This NGO is supported by half a million people in the Netherlands. CORDAID is working with more than a thousand partners worldwide to create a lifestyle with dignity for poor people and those who are deprived of their rights. CORDAID was invited to join HKL in 2003 when HKL was required to increase its paid-up capital from USD 77,850 to USD 257,850. As of 2007, the shared capital of CAPITAL to HKL accounted for US$ 188,700represented 14.09% of the total share. In 2008, the shared capital of HK SA was US$ 188,700 represented 6.95% of the total share.

Dy Davuth

He is a private Cambodian shareholder who has previous experiences in a Micro-finance Institution in Cambodia. Mr. Davuth joined HKL as a shareholder by acquiring the shares of Mr. Jean Thiboutot, an ex-consultant and ex-shareholder of HK NGO. As of 2007, he held US$ 55,500represented 4.14% of the total share. In 2008, his shared capital to HKL was US$ 55, 500 represented 2.04% of the total share.

History of other shareholders will be available soon.