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Thar Si Village
Located in Thar Si Village in Central Myanmar’s Taung Thar township, this community currently has 71 village customers, 5 of who are CBO (Community Based Organization) committee members who help 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.

In this village, the villagers cultivate crops such as peanuts, millets and sesame. For the coming season, they plan to use their loans to buy high quality fertilizer to improve soil conditions and increase crop yields. The cost of fertilizer is about $15 for one bag. The necessary number of fertilizer bags varies depending on farm acreage and the usage of natural fertilizers, such as animal manure. During the monsoon season, most farmers will spend $200 on farming inputs. The income generated from crop sales is used to support their families and make other investments, such as purchasing livestock.

Pictured above are Daw Phyu, U Sein, U Myo, U Aung and U Sein. They are the committee members from the Kan Aye Village CBO. Included in the photo (second from right) is U Sein, who is 58 years old and lives with his five family members. He bought peanut and sesame seeds with his last loan and plans to use his next loan to purchase fertilizer.

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)

  • Average annual income
  • 23
    View loans »
    Myanmar (Burma) Loans Fundraising
  • $861,025
    Funds lent in using Kiva
  • 975.0
    Myanmar Kyats (MMK) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $13,600 helped Thar Si Village to help 71 villagers purchase high quality fertilizer and pesticides that will enrich and protect their crops.
0% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 1, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible