There are 12 million farmers in Myanmar who make up more than a third of the labor force. The majority of these farmers lack access to formal credit that fits their needs. This results in a huge unmet demand for rural, small farming loans.
 
Proximity Designs is a non-profit social enterprise that offers loan products to help small farmers increase productivity. Proximity Designs also develops and distributes agricultural technology to rural farmers. The organization has a national distribution network that reaches 80% of the rural population.
 
A unique lending approach:
 
Proximity Designs offers loans to farmers with small landholdings, averaging about six acres. The loans help finance the purchase of irrigation processes, seeds, tools, small equipment and labor.

Proximity Designs offers its loans through Village Lending Groups (VLGs) who assist loan officers in each village with customer selection, loan disbursement and collection. The average VLG includes 48 members.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 31, 2014 Oct 12, 2005
Total Loans $2,409,150 $938,733,525
Amount of raised Inactive loans $0 $507,775
Number of raised Inactive loans 0 467
Amount of Paying Back Loans $928,050 $144,042,825
Number of Paying Back Loans 820 176,404
Amount of Ended Loans $1,481,100 $794,182,925
Number of Ended Loans 322 994,953
Delinquency Rate 0.00% 7.87%
Amount in Arrears $0 $7,432,587
Outstanding Portfolio $918,872 $94,487,939
Number of Loans Delinquent 0 19,266
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 1.81% 0.46%
Amount of Currency Exchange Loss $43,723 $4,278,396
Refund Rate 0.78% 0.63%
Amount of Refunded Loans $18,900 $5,887,300
Number of Refunded Loans 5 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.58% 75.19%
Average Loan Size $674 $401
Average Individual Loan Size $3,383 $634
Average Group Loan Size $897 $1,772
Average number of borrowers per group 5.2 7.8
Average GDP per capita (PPP) in local country $1,700 $5,897
Average Loan Size / GDP per capita (PPP) 39.67% 6.80%
Average Time to Fund a Loan 10.88 days 6.93 days
Average Dollars Raised Per Day Per Loan $62.00 $57.88
  Average Loan Term 10.37 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 110 486,797
  Journaling Rate 23.42% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY N/A 25.92% PY
  Profitability (return on assets) 12.33% N/A -0.29%
  Average Loan Size (% of per capita income) N/A N/A 17.68%

Country Fast Facts

Field Partner Staff

Jon Hiebert
Sohee Hyung
Lal Chuang Kim
Meera Neupane
Seinn Nwe Oo
Nang Nway Wai Phyo