Ma Gyi Kone Village
A new loan would enable this community to buy crop inputs such as seeds and fertilizer for crops such as bean, betel and onion. This will improve their yields and therefore crop sales, leading to an increase in the farmers' incomes. Villagers hope to use this additional income to dig a well to increase the village's access to clean water. Currently, village members must spend $15 per month and substantial amounts of time to collect clean water to drink.
Pictured above are U Toe, U Han, U Maw, U Chit, U Than, and U Han. They all are CBO members from the Ma Gyi Kone Village. Included in the photo (fourth from the left) is 47-year-old U Han, the father of three children. His 20-year-old son helps U Han farm and the younger two sons (15 and 7 years old) are in school. Last year, U Han Aye took a loan to buy fertilizer and other agricultural inputs for his crops. He plans to do the same this year with his new loan. His goal is to expand his farm so that he can pay for his children's education.
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.
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Success!! The loan was 100% repaid