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HKL Profits Fall in 2009

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HKL, a private Cambodian Micro-Finance Institution (MFI) with 510 employees, earned US$1.2 million in 2009, a drop of 15 percent compared with 2008, said HKL’s director in a seminar on Wednesday.
Hourt Eangkok said in the seminar there were about 47,835 depositors, and 41,110 borrowers in the period.
HKL has foreign backers including Oiko credit, the CD Organization, Norfund Triple Jump, Cordaid and other local MFIs.