Khan Sat Kone (West)Village
The main businesses for this village are cultivating crops, rolling cigars and tapping toddy palm for sugar. Many young people are migrating to other cities, as there are no job opportunities for them in the village. These new loans will help farmers purchase better groundnut, sesame, and butter bean seeds for the upcoming cropping season. Additionally, the loans will fund necessary farming investments, such as fertilizer and hired labor.
Pictured above are U Thein, U Kyaw Myo, Daw Han, Daw Nu, Ma Khin, and U Kyaw Min. They are the committee members from the village CBO who vouch for loan applicants. Included in the photo (farthest to the right) is U Thein, who is 25 years old and the father of one child. He purchased fertilizer for his farms with his previous loan and is planning to use his next loan to buy high-quality peanut and groundnut seeds. These will boost his crop yields and, therefore, his income from farming.
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.
About Myanmar (Burma)
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Success!! The loan was 100% repaid