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 $2,782,675 $988,137,650
Amount of raised Inactive loans $0 $359,150
Number of raised Inactive loans 0 263
Amount of Paying Back Loans $778,325 $148,865,600
Number of Paying Back Loans 817 188,409
Amount of Ended Loans $2,004,350 $838,912,900
Number of Ended Loans 729 1,054,487
Delinquency Rate 0.06% 8.21%
Amount in Arrears $467 $7,956,087
Outstanding Portfolio $740,442 $96,959,776
Number of Loans Delinquent 2 19,737
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,706,844
Number of Ended Loans Defaulted 0 33,665
Currency Exchange Loss Rate 1.75% 0.45%
Amount of Currency Exchange Loss $48,710 $4,452,988
Refund Rate 0.68% 0.61%
Amount of Refunded Loans $18,900 $5,979,100
Number of Refunded Loans 5 5,999

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 55.44% 75.46%
Average Loan Size $496 $398
Average Individual Loan Size $3,383 $628
Average Group Loan Size $908 $1,758
Average number of borrowers per group 5.1 7.7
Average GDP per capita (PPP) in local country $1,700 $5,873
Average Loan Size / GDP per capita (PPP) 29.16% 6.78%
Average Time to Fund a Loan 11.85 days 6.92 days
Average Dollars Raised Per Day Per Loan $41.84 $57.60
  Average Loan Term 10.53 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 160 515,223
  Journaling Rate 21.40% 41.30%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.15

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 24% PY N/A 26.15% PY
  Profitability (return on assets) 12.3% N/A -1.23%
  Average Loan Size (% of per capita income) N/A N/A 16.60%

Country Fast Facts

Field Partner Staff

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