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Than Man Taw Village
This community is located in Central Myanmar’s Thaung Thar township. This village has 40 loan clients, 7 of whom are Community Based Organization (CBO) committee members who oversee the loan process. Members of this village generate income by cultivating crops, such as sesame and beans, and raising livestock, such as pigs and goats. 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.

This new loan would help community members buy livestock to sell for a profit. People have to pay about $60 for a sheep or goat. After raising them, they are able to resell these animals for $100, generating a $40 profit with each sale. Not only can villagers make money by reselling the livestock, but they can also use their manure as natural fertilizer on their farms.

Pictured above are Daw Swe, Daw Zar, U Khin, U Hla, U Myint, U Soe and U Thein. They are the committee members from the village's CBO. Included in the photo (the second from the left) is 31 year-old Daw Swe, the mother of two children. Her youngest son is only 8 years old and is studying in primary school. Her family generates income through farming, livestock raising, and selling groceries. She bought three grains of peanuts with her previous loan and is planning to buy two small pigs with her new loan.

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
  • 2
    View loans »
    Myanmar (Burma) Loans Fundraising
  • $1,170,950
    Funds lent in using Kiva
  • 975.0
    Myanmar Kyats (MMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $7,450 helped Than Man Taw Village to help 40 villagers purchase livestock to raise and sell for additional income.
100% 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
Ended:
Mar 25, 2015