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Thu Htay Kone Village
Located in Thu Htay Kone Village in Central Myanmar’s Taung Thar township, this community currently has 38 village customers, 5 of who are CBO (Community Based Organization) committee members helping to lead the loan program in the area. This village is located in Myanmar's dry zone, where insufficient rainfall is very common. Most villagers are Buddhist and struggle finding access to affordable credit, as the state-owned agricultural bank is not active in the area.

The new loan would help to pay for animal feed and vitamins that would promote the health of farmers' livestock, such as goats and cows. They would also use part of the loan to pay day laborers, who charge $3 per day to help harvest the crops. Additionally, the borrowers aspire to set up a shop where they can get various farming inputs such as fertilizer and seeds. This shop would help the villagers reduce their transportation costs, as they would no longer have to go to other towns to buy those inputs.

Pictured above are U Thein, Daw Aye, Daw Kyi, Daw Chaw, and Daw Swe. They are committee members from the Thu Htay Kone Village CBO. Included in the photo (third from the left) is U Thein, who is a 21-year-old single farmer. He both farms and taps toddy-palm so that he can sell palm sugar. Sometimes, he also tutors children in the village. He spent his previous loan on labor that he hired at harvest. He wants to use his new loan to buy fertilizer, which is important to improve soil conditions and therefore boost yields.

Additional Information

More information about this loan

This loan will be facilitated through Proximity Designs network of Community Based Organizations (CBOs) in order to support rural farmers in Myanmar’s Delta and Dry Zone regions.  Proximity worked closely with CBOs to provide relief services after Cyclone Nargis and to support village infrastructure projects.
 
CBOs also play a key role in providing access to microcredit.  In this model, CBO committee members support Proximity loan officers throughout the entire loan cycle. They assist in selecting village borrowers and also act as formal representatives during loan disbursement, collection of repayments and other communications. CBO committee members appear in Kiva profiles – often alongside village borrowers – as representatives of the community.
 
Since families rely heavily on income from farming to support their livelihoods, these loans are structured with a single bullet repayment at the end of the loan term. The timing aligns with expected harvest season when borrowers will be able to repay. All community members who receive financing through the CBO model must repay their portion of the loan before a village will be eligible to receive new funding. 

About Proximity Designs:

Proximity Designs is a non-profit social enterprise that offers loan products to help small, low income farmers increase their productivity and income. There are around 12 million farmers in Myanmar who make up more than a third of the labor force. The majority of these farmers have virtually no access to formal credit institutions.

In the absence of other financing opportunities, most small farmers in Myanmar are unable to afford the equipment, material, and labor necessary to grow their crops without the help of Proximity Designs. Kiva funding will be used to help Proximity Designs expand its agricultural microfinance operation and reach more low income, rural farmers.

Tags

About Myanmar (Burma)

  • $1,700
    Average annual income
  • 3
    View loans »
    Myanmar (Burma) Loans Fundraising
  • $1,175,525
    Funds lent in using Kiva
  • 975.0
    Myanmar Kyats (MMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $7,400 helped Thu Htay Kone Village to help 38 villagers buy animal feed and vitamins for their livestock and hire labor, which will make planting and harvesting more efficient.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 3, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 25, 2015